Gold price nears record Tk 1.55 lakh per bhori

Jewellers have raised the price of 22-carat gold to a record Tk 154,944 per bhori (11.664 grammes), the highest in the country's history. 

The Bangladesh Jewellers' Association's standing committee on pricing and price monitoring decided at a meeting today, citing a rise in pure gold prices in the local market, according to a press release. 

Previously, 22-carat gold ornaments were priced at Tk 153,474 per bhori. 

On February 20, gold prices hit Tk 154,525 per bhori, marking a historic high. 

Gold prices in Bangladesh have been rising steadily for over a year, driven by international market trends and volatility in domestic supply. 

In July 2023, the price of gold crossed the Tk 100,000 mark for the first time in Bangladesh. 

The country requires 20 to 40 tonnes of gold annually, with around 80 percent of the demand met through smuggling.