Gold prices up again by Tk1,516 per bhori

Bangladesh Jewellers Samity (BAJUS) has refixed prices of gold yet again, by increasing it by Tk1,516 per bhori, effective from Sunday.

Announcing the new prices through a statement on Sunday, BAJUS said the economic crisis caused by the Covid-19 pandemic and various complexities have pushed up the prices in the world market. 

According to the new tariffs, now the price of the best quality of gold, 22 carats (11.664 grams), is Tk73,483 per bhori, 21 carats is Tk70,334, 18 carats is Tk61,586, and traditional gold is Tk51,263.

Till Saturday, the price of 22 carats was Tk71,967 per bhori, Tk68,818 for 21 carats, Tk60,070 for 18 carats, and traditional gold was Tk49,747.

However, the price of silver has remained unchanged.

The price of 22 carats silver is currently Tk1,516 per bhori, 21 carats is Tk1,435, 18 carats is Tk1,225, and traditional silver is Tk933.

BAJUS said gold dealers are not able to import gold bars due to the closure of international flights, customs complications at the import stage (material tax rebates) and various bureaucratic complications.

Besides, gold prices have also increased in the domestic bullion market due to low supply against demand. Therefore, considering the situation, it has been decided to increase the price of gold, read the statement.