Dhaka: Gold prices in Bangladesh have been raised by Tk 2,216 per bhori, with the new rate for 22-carat gold set at Tk 2,61,040, Bangladesh Jewellers Association (Bajus) announced on Monday.
According to United News of Bangladesh, the association stated that the decision was made in response to a rise in the price of pure gold in the local market, as well as the overall market conditions. The revised rates set the price of 21-carat gold at Tk 2,49,143 per bhori (11.664 grams), while 18-carat gold is priced at Tk 2,13,568 per bhori. Additionally, gold of the traditional method has been fixed at Tk 1,74,785 per bhori.
The selling price must include a mandatory 5 percent government-set VAT and a minimum 6 percent making charge as determined by Bajus. However, making charges may vary based on the design and quality of the jewellery. The last price adjustment occurred on the morning of February 21, when Bajus increased the price of 22-carat gold by Tk 3,266 per bhori to Tk 2,58,824. With the latest revision, the domestic gold prices have been adjusted 32 times this year, with 20 increases and 12 reductions.
Despite the increase in gold prices, silver rates remain unchanged. Currently, 22-carat silver is being sold at Tk 6,707 per bhori, while 21-carat silver costs Tk 6,415, 18-carat silver Tk 5,482, and silver of the traditional method Tk 4,082 per bhori. This year, silver prices have been adjusted 18 times, with 11 increases and seven decreases.