Gold price hits record high of Tk1.91 lakh per bhori

The price of gold has reached an all-time high in the country, hitting over Tk1.91 lakh per bhori (11.664 grams).

Jewellers have inflated the price of the precious yellow metal by around Tk1,890 to Tk1,91,196 per bhori due to a hike in the price of pure gold in the local market, reports The Daily Sun. 

The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Monday. 

On 16 September, the price of gold reached a record of Tk1,89,622 per bhori.

As per the new decision, the price of 22-carat gold will now be Tk16,392 per gram, and 21-carat Tk15,646 per gram, read a press release signed by the committee chairman, Masudur Rahman.

The price of 18-carat gold has been fixed at Tk13,411 a gram, while that of traditional gold at Tk11,128 per gram.

New tariffs would come into effect on Tuesday, read the release.

Prices of silver, however, remained unchanged.  

The price of 22-carat silver is now Tk298 per gram, 21-carat Tk284, 18-carat Tk244, and traditional one is Tk183 per gram.

Buyers will also have to pay an additional 5% VAT set by the government, along with a minimum 6% making charge fixed by BAJUS. The making charge may vary depending on design and quality, the release added.