Gold prices in Bangladesh soared to an all-time high on Wednesday, a day after the Bangladesh Jewellers Association (BAJUS) announced another sharp increase.
Following the latest revision, 22-carat gold is now selling at Tk 1,94,859 per bhori (11.664 grams), the steepest rate ever recorded in the country, according to a press release.
BAJUS confirmed in a press release that the adjustment pushed the price up by Tk 3,663 within 24 hours.
According to the updated chart, 21-carat gold has been fixed at Tk 1,86,006 per bhori, 18-carat at Tk 1,59,424, and traditional gold at Tk 1,32,351.
The figures include a 5 percent value-added tax set by the government, along with a minimum 6 percent making charge stipulated by BAJUS.
However, jewellers may charge more depending on design and craftsmanship.
This comes immediately after Tuesday’s hike, when the rate of 22-carat gold rose by Tk 1,574 to Tk 1,91,196 per bhori.
With two consecutive revisions in as many days, the domestic gold market has now reached territory never seen before, as prices surge to unprecedented levels.
