Bajus raises gold price for fourth time in 21 days of April

The Bangladesh Jeweller’s Association (Bajus) on Sunday increased gold price by Tk 630 per bhori, a day after reducing it by Tk 840 per bhori.

With this, the apex body of gold traders has increased gold price by Tk 5,190 per bhori four times in April, reports UNB. 

Bajus decreased gold price by Tk 840 per bhori on Saturday (April 20), while increasing the price four times on April 6, 8, 18, and 21.

Bangladesh witnessed such an unstable gold market for the first time with the record high price of gold at Tk 1,19,428 per bhori 22-carat gold as Bajus’s new rate came into effect from 3.30 pm on Sunday (April 21).

Masudur Rahman, Chairman of the Price Determination and Price Monitoring Standing Committee of Bajus, issued a notice in this regard.

As per the new price, per bhori (11.664 grammes) of 22-carat gold will cost Tk 1,19,428 per bhori. Apart from this, the price of 21-carat gold has been set at Tk 1,14,003 per bhori, 18-carat gold at Tk 97,709 per bhori and the traditional gold price is set at Tk 78,662.

Though the price of gold has increased, the price of silver has remained unchanged.

According to the category, currently, the price of 22-carat silver is Tk 2,100, 21-carat silver is Tk 2,006, 18-carat silver is Tk 1,715, and the price of traditional silver is Tk 1,283.