Economic Reporter :
The country’s Jewellers have raised gold prices to a record high amid the ongoing Covid-19 pandemic.
They will sell the yellow metal of the best quality, 22 carat, at Tk 72,783 per Bhori (11.664 grams) from Friday, up around Tk 3,000 from the price set just over a month ago.
Dilip Kumar Agarwala, General Secretary of Bangladesh Jewellers Samity (Bajus), cited a hike in gold prices in the international market as the reason behind their decision to push the prices in the local market.
People are stocking up on gold considering it a safe investment amid the crisis, according to him.
“Never in my life have I seen gold prices rising so high in the international market ,” he said and claimed they raised the prices by around Tk 3,000 a Bhori though the international prices rose by Tk 5,000.
Generally Bajus raises or cuts gold prices by around Tk 1,500 per Bhori.
When the association raised gold prices by up to Tk 5,715 a Bhori for the last time on Jun 22, the price at the international market was $1,769 per ounce (2.65 Bhori or 31.103 grams). On Thursday, the international market price of gold increased to $1,889 per ounce.
The country’s Jewellers have raised gold prices to a record high amid the ongoing Covid-19 pandemic.
They will sell the yellow metal of the best quality, 22 carat, at Tk 72,783 per Bhori (11.664 grams) from Friday, up around Tk 3,000 from the price set just over a month ago.
Dilip Kumar Agarwala, General Secretary of Bangladesh Jewellers Samity (Bajus), cited a hike in gold prices in the international market as the reason behind their decision to push the prices in the local market.
People are stocking up on gold considering it a safe investment amid the crisis, according to him.
“Never in my life have I seen gold prices rising so high in the international market ,” he said and claimed they raised the prices by around Tk 3,000 a Bhori though the international prices rose by Tk 5,000.
Generally Bajus raises or cuts gold prices by around Tk 1,500 per Bhori.
When the association raised gold prices by up to Tk 5,715 a Bhori for the last time on Jun 22, the price at the international market was $1,769 per ounce (2.65 Bhori or 31.103 grams). On Thursday, the international market price of gold increased to $1,889 per ounce.
