The prices of gold in the local market have shot up. After the latest hike, the price of one bhari or 11.66 grams of 22-carat gold stands at Tk 71,442.
Bangladesh Jewelers’ Samity (BAJUS) announced the price hike in a statement on Monday. They said that per gram of gold has been increased by Tk 2,333 which comes into effect from Monday.
Leaders of the Jewelers' alliance announced the price hike shortly after the noon on Monday after having reduced the price of gold by Tk 2,041 per gram on March 9 last.
According to the association, the reason behind the new rise in gold prices is the economic crisis caused by the ongoing pandemic. Dealers, on the other hand, are unable to import gold against demand due to international flights being closed and tariff complications at the import stage. That is why the price of pure gold has gone up in the domestic bullion market.
The updated price is currently effective, a heavy gold ornament of 22 carats would cost 71 thousand 442 taka. In addition, 21 carat would be Tk 68 thousand 293 taka, 18 carat 59 thousand 545 taka and traditional gold ornaments will be sold at 49 thousand 222 taka.
Before the price hike, 22 carat gold was sold at Tk 69,109, 21 carat gold at Tk 65,960, 18 carat gold at Tk 57,212 and traditional gold ornaments at Tk 46,889. Currently, the price of 22, 21, 18 carat and traditional gold has increased by Tk 2,333.
Meanwhile, the jewelers' association has kept the price of silver unchanged despite the increase in the price of gold. The 22 carat silver bag will be sold at Tk 1,516 as before. The weight of 21 and 18 carat silver is 1 thousand 435 and 1 thousand 225 taka respectively. The traditional method silver will be sold at 933 taka.
