The price of each bhori of gold has crossed the Tk 1,00,000-mark for the first time in Bangladesh as Bangladesh Jewellers Samity (Bajus) has hiked the rate of the precious metal with effect from today.
With the latest hike, customers will now have to pay Tk 100,776 for a bhori (11.664 grammes) of 22-carat gold, up 2.36 per cent from the previous rate.
For all latest news, follow The My News’s Google News channel. “We have decided to hike the rate as the prices of pure gold has increased in the local market. Inflow of gold has declined because of new baggage rules by the customs,” said Dewan Aminul Islam, vice president of Bajus.
The last time Bajus hiked the price of gold, used mainly for making jewellery, was on June 7.
The standing committee on pricing and price monitoring of Bajus announced the new rate yesterday.
Gold prices have been rising for more than a year, influenced by a hike in the international market and volatility in supplies in the domestic market.
