Economic Reporter :
The jewellers in Bangladesh have raised gold prices again after a week and for the fourth time in August. The price of 1 Bhori (11.664 grams) of 22-carat gold has been increased by Tk 1,666 to Tk 58,028.
The new prices will be effective from Tuesday, The Bangladesh Jewellers Samiti or Bajus announced on Monday.
Earlier on August 18, 8 and 6, Bajus raised gold prices by up to Tk 1,666 per Bhori in each hike.
The latest is the fifth in the span of a little over a month. On July 24, gold prices were raised at similar rates.
New gold prices (per Bhori), 22 carat – Tk 58,028, 21 carat – Tk 55,696 and 18 carat – Tk 50,680.
For traditional method, in which gold is acquired from old ornaments but there is no standard of purity, the price is set at Tk 30,326 per Bhori.
Meanwhile, silver price has been kept unchanged – Tk 933 per Bhori.
On July 4, the jewellers raised gold prices by up to Tk 2,000 per Bhori days after a fair where the National Board of Revenue for the first time gave the traders the scope to legalise undeclared and stocked gold and gold ornaments with a payment of Tk 1,000 tax per Bhori.
Earlier, on June 17, they cut gold prices by up to Tk 1,500 per Bhori only four days after raising the prices on the day the national budget for 2019-20 was proposed.
