Gold price increase day by day, reaching record high level.
Similar to the international market, gold prices in Bangladesh continue to rise. The price of the metal is increasing day by day, and it is attributed by local traders to a rise in global gold prices.
In line with the trend, the price of gold has increased again today, i.e., Saturday. The price of gold this time has increased by BDT 2,624 per bhori (11.664 grams). Consequently, the price of 22-carat high-grade gold has hit BDT 167,833 per bhori — a record high in the country’s history.
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The Bangladesh Jewellers’ Association (BAJUS) announced the price increase this evening through a release. The local price has been modified due to an increase in the cost of pure gold on the local market, according to BAJUS. The prices are to be effective from tomorrow, Sunday.
Earlier this week, BAJUS hiked the gold price by BDT 3,033 per unit of bhori, moving 22-carat gold to BDT 165,209 — its record high thus far.
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As per the new rate, hallmarked 22-carat gold is BDT 167,833 per bhori, 21-carat is BDT 160,205 per bhori, and 18-carat is BDT 137,309 per bhori from Sunday. The old method gold is BDT 113,491 per bhori.
On Saturday, signature 22-karat gold was at BDT 165,209, 21-karat at BDT 157,697, traditional method at BDT 135,174, and 18-karat at BDT 111,660
Prices are to be raised by BDT 2,624 per bhori for 22-carat, BDT 2,508 for 21-carat, BDT 2,135 for 18-carat, and BDT 1,831
BAJUS clarified in the release that the gold and silver prices have to have at least 5% VAT along with at least 6% mandated government wage, while the labour charge could be varied on the basis of designs and quality.
Jewellery entrepreneurs observed that US President Donald Trump’s imposition of high tariffs on imports of several countries has added an uncertainty factor to world trading. As an aftermath, there is an increase in the world price of gold. Consequently, domestic rates must be established amidst international patterns, otherwise there is the risk of gold smuggling into Bangladesh.
