The Bangladesh Jewellers' Samity (Bajus), the association of jewelers in the country, on Saturday decided to raise gold prices yet again, effective from Sunday.
Rising international prices was the reason they gave behind the hike. But it was the second time they increased its prices in less than two weeks.
Each bhori of 22-carat gold will now cost Tk73,483, up from Tk71,442; 21-carat will cost Tk70,334, up from Tk68,293 and 18 carat will cost Tk61,586, up from Tk59,545 in the local market.
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According to the new price list, 22,21,and 18 carat gold acquired in the traditional method increased by Tk2,333 from the same day.
The price of gold acquired in the traditional method will be Tk49,263 per bhori, up from Tk49,222.
The prices of 22-carat, 21-carat, and 18-carat silver (cadmium) per bhori, however, remained unchanged at Tk1,516, Tk1,435, and Tk1,225 respectively.
The price of gold per ounce (31.1034768 grams) in the international market has risen to $1,882.25 (US).
Dealers, on the other hand, are unable to import gold against demand, due to international flights being closed and tariff complications at the import stage- causing the price of pure gold in the domestic market to increase.
