Gold prices have risen sharply in Bangladesh following an increase in the global market, prompting the Bangladesh Jewellers Association (BAJUS) to revise local rates.
In a press release issued on Wednesday morning, BAJUS announced that gold prices have increased by up to Tk 6,590 per bhori. The new rates came into effect from 10:00 am.
This marks the second price hike within the week, after a previous increase on Monday.
Under the revised rates, 22-carat gold now costs Tk 252,409 per bhori, up from Tk 245,819. The price of 21-carat gold has risen to Tk 240,920 from Tk 234,621.
Similarly, 18-carat gold now stands at Tk 216,511 per bhori, compared to Tk 211,146 previously. Traditional gold prices have increased to Tk 168,195 from Tk 163,821.
According to BAJUS, the price increase per bhori is as follows:
Silver prices have also gone up, with an increase of up to Tk 350 per bhori. The new price of 22-carat silver now stands at Tk 5,890, compared to Tk 5,540 the previous day.
The price hike follows a rise in the global gold market. As of 10:15 am on Wednesday, gold was trading at $4,798 per ounce in the spot market—up by $138 from the previous day.
Market analysts attribute the increase to shifting geopolitical conditions, including a temporary ceasefire in the Middle East, which has influenced investor behavior and commodity prices.
