Gold price rises by Tk 3,266 per bhori

The price of gold surged in the country on Saturday, with 22-carat gold, the highest quality, rising by Tk 3,266 per bhori (11.664 grams), bringing the new rate to Tk 258,824 per bhori.

The decision was made during a meeting of the Bangladesh Jewellers Association (BAJUS) Standing Committee on Pricing and Price Monitoring.

According to the decision, the increase came in response to a rise in the local market price of refined gold (tejabi gold). The revised rates took effect from 10:15 am.

BAJUS Chairman Dr Dewan Aminul Islam Shahin, however, issued an official statement confirming the hike.

Earlier, on February 18, the price of 22-carat gold had been reduced by Tk 3,266 to Tk 255,558 per bhori. At that time, 21-carat gold fell by Tk 3,091 to Tk 243,953 per bhori, 18-carat gold dropped by Tk 2,683 to Tk 209,077 per bhori, and traditional gold decreased by Tk 2,216 to Tk 171,111 per bhori. These rates remained in effect until 10:14 am on Saturday.

Following Saturday’s increase, 21-carat gold rose by Tk 3,149 per vori to Tk 247,102, 18-carat gold went up by Tk 2,683 to Tk 211,760 per bhori, and traditional gold increased by Tk 2,216 to Tk 173,327 per bhori.

Alongside gold, silver prices also saw a rise. The price of 22-carat silver per vori increased by Tk 350 to Tk 6,707, 21-carat silver rose by Tk 350 to Tk 6,415, 18-carat silver climbed by Tk 292 to Tk 5,482, and traditional silver went up by Tk 175 to Tk 4,082 per bhori.

BAJUS stated that the adjustments were made to align retail rates with prevailing market conditions and reflect changes in local bullion prices.

MAS/MHK