Jewellers in Bangladesh have raised gold prices, causing the yellow metal to cross Tk 60,000 per bhori (11.664 grams) for the first time in six years.
In a statement on Saturday (Jan 4), Bangladesh Jewellers Samity (BAJUS) said the new prices will be effective from Sunday (Jan 5).
Citing a volatile global market, the statement quoted BAJUS General Secretary Dilip Kumar Agarwala saying the move came as the price of dollar against the taka was on the upward trend in local bullion markets.
As per the price revision, each bhori of gold has been increased by Tk 1,166.
For the traditional method, in which gold is acquired from old ornaments but there is no standard of purity, the price remains unchanged at Tk 40,241 per bhori.
New gold prices (per bhori)
22 carat – Tk 60,361
21 carat – Tk 58,028
18 carat – Tk 53,013
Price of silver remains unchanged at Tk 933 per bhori.
Jewellers raised gold prices four times in August before cutting once in September last year. But in November, they raised the prices again, taking the best quality of the yellow metal beyond Tk 58,000 per Bhori.
Gold prices crossed Tk 60,000 a Bhori for the last time in 2013.
In 2003, the yellow metal's price in Bangladesh shot up to as high as Tk 70,000 during the invasion of Iraq by a US-led coalition that overthrew the government of Saddam Hussein.

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