The price of gold has increased by a maximum rate of Tk1,167 per bhori (1 bhori=11.664 gram) in the country from Friday.
The readjustment came one day after the announcement of the proposed budget for the 2019-20 fiscal year.The new rate will be effective from Friday (June 14), says a press release signed by Bangladesh Jewellers' Association (BAJUS) general secretary Dilip Kumar.
Prior to this, on January 29, BAJUS increased the price of gold by a maximum rate of Tk 1,167 per bhori (1 bhori=11.664 gram).
Therefore, the price of 22-carat gold per gram was set at Tk 4,400 from Friday, which means the price of 22-carat gold per bhori will cost Tk 51,322.
In the release, BAJUS said that the newly fixed prices of different carats of gold are: a bhori of 21-carat gold is Tk 48,988, 18-carat Tk 43,973, and the traditional gold and silver price remained unchanged.
BAJUS general secretary Dilip Kumar Agarwala told that the price of gold has been spiraled in the country's market as the prices of gold has increased in the international market the price. This price has been advised to be sold until the next announcement.
However, on Thursday, the price of 22-carat gold per gram was Tk 4,100; thus costing Tk 50,155 per bhori.