Bangladesh Jewellers Association Raises Gold Prices Again

The Bangladesh Jewellers Association (BAJUS) has increased gold prices in the country for the 116th time this year. The price of best-quality 22-carat gold has risen by Tk 1,691 per bhori (11.664 grams). With Value-Added Tax included, the price of a bhori of 22-carat gold jewellery now stands at Tk 234,621.

The new prices came into effect at 10am on Saturday, according to a BAJUS notice. The decision to raise the prices was taken at a meeting of the association’s Standing Committee on Pricing and Price Monitoring on Saturday.

BAJUS said it adjusted gold prices again following a rise in the price of locally sourced bullion gold. Under the new rates, the price of 21-carat gold has increased by Tk 1,575 per bhori to Tk 224,065. The price of 18-carat gold has risen by Tk 1,301 to Tk 192,397 per bhori.

BAJUS has also raised silver prices. Including VAT, the price of 22-carat silver has increased by Tk 117 per bhori to Tk 5,132. The price of traditional-method silver has gone up by Tk 116 to Tk 3,207 per bhori.