Gold price hiked again

Jewellers have decided to hike gold prices again, raising it to Tk 137,448 for each bhori (11.66 grammes) with effect from tomorrow.

The previous price of each bhori of 22-carat gold stood at Tk 134,509.

The Bangladesh Jewellers' Association's standing committee on pricing and price monitoring took the decision to raise prices in a meeting today, citing an increase in pure gold prices in the local market.

The price of gold in Bangladesh has been rising steadily for more than a year, influenced by hikes in the international market and volatility in domestic supply.

In July last year, the price of gold crossed the Tk 1 lakh mark for the first time in Bangladesh.