The Bangladesh Jewellers' Association (Bajus) today increased gold prices again. A bhori of 22-carat gold will cost Tk 216,332 from tomorrow, within a day of hiking prices after the precious metal hit a global record, surpassing $4,100. The association said the new rate of gold will be Tk 216,332 per bhori, or approximately 11.664 grammes, breaking the previous record of Tk 213,719 set yesterday.
Bajus announced the new rate to take effect from tomorrow just hours after global gold prices jumped to a record high, supported by rising expectations of a US Federal Reserve rate cut this month and safe-haven demand following renewed US-China trade tensions as per Reuters reports.
Earlier in the session spot gold rose 0.6 percent to $4,132.89 per ounce (28.35 grammes) as of 0950 GMT, after hitting a record high of $4,179.48.
In the international market, in Bangladesh's taka terms now the price per ounce of gold is over Tk 500,000.
With the latest spike, gold prices in Bangladesh have risen by Tk 21,000 per bhori since the beginning of the month of October this year.
The price in September alone, 22-carat gold increased by more than Tk 16,000 per bhori.
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