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The price of gold has gone up just a day before Eid. The best quality (22-carat) gold now costs Tk 172,336 per bhori, up to Tk 2,415 per bhori (11.664 grams).
The cause for this price increase is the rise in refined (Tejabi) gold prices on the local market. The new price will take effect on June 6, according to the Bangladesh Jewellers' Association (BAJUS).
The BAJUS Standing Committee on Pricing and Price Monitoring resolved to increase the price of gold at a meeting on June 5. The chairman of the committee, Masudur Rahman, later signed a press statement announcing the information.
Gold prices had already been raised in two stages on May 18 and May 22. This recent price change has been attributed by BAJUS once more to the local market's growing price of refined gold.