Gold prices reach record high after being revised for third time in February

Gold prices have reached a historic peak in Bangladesh, with the Bangladesh Jewellers Association (Bajus) raising the price of 22-carat gold by Tk 1,994 per bhori.

The new price now stands at Tk 149,812 per bhori, marking the highest cost ever recorded in the country's history.

The new rates will come into effect on Tuesday (Feb 11), according to a press release issued on Monday.

This price adjustment applies to 22-carat gold, which now costs Tk 149,812 per bhori (11.664 grams).

Besides, 21-carat gold is priced at Tk 143,001, while 18-carat gold will cost Tk 122,577.

The traditional gold variety has seen its price set at Tk 100,916 per bhori.

Bajus has also said that the final retail price of gold must include a mandatory 5% VAT, as imposed by the government, as well as a 6% minimum labour charge set by the association.

However, the total labour charge may vary depending on the design and quality of the jewellery.

This marks the third price hike in just the first ten days of February, following a previous increase on February 1 and 5.