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The price of gold in Bangladesh has surged once again, with an increase of Tk 2,613 per bhori.
The Bangladesh Jewellers Association (Bajus) has set the new price for 22-carat gold at Tk 153,475 per bhori with effect from Monday.
In a statement issued on Sunday, Bajus cited the rising price of pure gold in the local market as the reason for the adjustment.
The revised pricing structure will take effect immediately, reflecting the fluctuating global market trends.
According to the notification, the sale price of gold must include a mandatory 5 per cent VAT set by the government, along with a minimum 6 per cent labour charge determined by BAJUS. But the final price may vary depending on the design and quality of the jewellery.
Earlier, on March 8, Bajus had adjusted gold prices downward, reducing the rate by Tk 1,038 per bhori. At that time, the price of 22-carat gold was fixed at Tk 150,862 per bhori.
With this latest revision, the price of gold has been adjusted 14 times so far this year.
Of these adjustments, prices have been increased 10 times, while they have been reduced four times.
Despite the gold price hike, the price of silver in the local market remains unchanged. Currently, 22-carat silver is being sold at Tk 2,578 per bhori in Bangladesh.
The frequent fluctuations in gold prices highlight the volatility of the precious metals market, with local rates closely mirroring international trends.
Industry insiders suggest that further adjustments may be necessary depending on global economic conditions and demand-supply dynamics.