Jewellers have inflated the gold price by Tk1,190 to Tk1,20,080 per bhori on the market in Bangladesh amid a price hike of soft yellow malleable ductile.

The standing committee on pricing and price monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting on Sunday.

The new tariffs will come into effect on Monday, read a press release signed by the standing committee chairman, Masudur Rahman.

According to the BAJUS, the price of 22-carat gold will be Tk10,295 per gram, while 21-carat Tk9,827 per gram.

The price of 18-carat gold has been fixed at Tk8,423 a gram, while that of traditional gold at Tk6,964 a gram.

The price of silver remained unchanged with 22-carat Tk180 per gram, 21-carat Tk172, 18-carat Tk147, and traditional one Tk110 per gram.