Gold price rises by Tk 1,050 per bhori

The price of gold has been increased by Tk 1,050 per bhori (11.664 grams) in Bangladesh, for 22-carat gold.

From now, gold of 22-carat will cost Tk 171,601 per bhori, 21-carat Tk 163,798, 18-carat Tk 140,400, and gold of traditional method Tk 116,127 respectively.

The Bangladesh Jeweller’s Association's (BAJUS) standing committee on pricing and price monitoring took the decision in a meeting, a media statement said on Tuesday, reports UNB.

According to the statement, the new prices will come into effect from Wednesday.

The association said that the price of acid gold (pure gold) has increased in the local market. Considering the overall situation, BAJUS has fixed the new price of gold accordingly.

In addition to the selling price of gold, a 5% government-imposed VAT and a 6% BAJUS-fixed minimum making charge must be added. However, the making charge may vary depending on the design and quality of the jewellery.

Earlier, on July 7, BAJUS last adjusted the gold price, raising it by Tk 1,575 per bhori and setting the 22-carat gold price at Tk 170,551.