Jewellers have inflated the price of gold by Tk5,248 to Tk2,13,719 per bhori (11.664 grammes) as the price of pure gold has increased in the local market.

The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Thursday.

On 20 October, the price of gold reached an all-time high in the country at Tk2,17,382 per bhori.

As per the new decision, the price of 22-carat gold will now be Tk18,323 per gramme, and 21-carat Tk17,490 per gram, read a press release signed by the committee chairman, Masudur Rahman.

The price of 18-carat gold has been fixed at Tk14,991 a gramme, while that of traditional gold at Tk12,476 per gramme.

New tariffs would come into effect on Friday, read the release.

Prices of silver, however, have remained unchanged. 

The price of 22-carat silver is now Tk364 per gram, 21-carat Tk347, 18-carat Tk298, and traditional one is Tk223 per gram.

Buyers will also have to pay an additional 5% VAT set by the government, along with a minimum 6% making charge fixed by BAJUS. The making charge may vary depending on design and quality, the release added.