The jewellers in Bangladesh have raised gold prices for the third time in August.
The Bangladesh Jewellers Samiti or Bajus on Sunday announced the new prices. The price of 1 Bhori (11.664 grams) of 22-carat gold has been increased by Tk 1,666 to Tk 56,862.
The new prices will be effective from Monday, Bajus said.
On Aug 8 and 6, Bajus raised gold prices by up to Tk 1,666 per Bhori in each hike.The latest is the fourth in the span of a month. On July 24, gold prices were raised at similar rates.
Bajus General Secretary Dilip Kumar Agarwala cited the same reason he had mentioned while raising prices earlier – the rise in gold prices in the international market.
“The prices have hit a 10-year high,” he told bdnews24.com.
On July 4, the jewellers raised gold prices by up to Tk 2,000 per Bhori days after a fair where the National Board of Revenue for the first time gave the traders the scope to legalise undeclared and stocked gold and gold ornaments with a payment of Tk 1,000 tax per Bhori.
New gold prices (per Bhori):
22 carat – Tk 56,862
21 carat – Tk 54,529
18 carat – Tk 49,513