Gold prices to cross Tk 93,000 per bhori for the first time

Gold is going to be even pricier from tomorrow as the Bangladesh Jewellers' Association (Bajus) is set to hike its rates for the third consecutive week.

From tomorrow, buyers will have to pay nearly Tk 93,400 to buy each bhori (11.66 grams) of 22-carat gold, up 3 per cent from earlier, said a press release of Bajus today.

It said the prices of each gram of 22-carat gold will be Tk 8,010 from Sunday, a 3 per cent rise from Tk 7,780 today. It also increased prices of silver.

Until today, Bangladeshi customers could buy gold jewelry by paying Tk 90,714 per bhori, which was raised from Tk 88,382 per bhori on December 30.

Bajus said prices of pure gold went up in the local markets. Under the circumstances, its standing committee on pricing and price monitoring at a meeting decided the new rates for gold and silver.