The Bangladesh Jewellers Association has increased the price of gold on the local market, with the price of 22-carat gold rising by Tk 1,155 a bhari to Tk 1,39,443.
The new rates will come into effect on today, according to a press release issued on Wednesday.聽
At the revised rates, 22-carat gold will cost Tk 1,39,443 a bhari (11.664 grams), while the price of 21-carat gold has been set at Tk 1,33,098 a bhari, 18-carat gold at Tk 1,14,086 a bhari and traditional gold at Tk 93,674 a bhari.聽
This adjustment follows a price reduction implemented on December 30 last year when BAJUS decreased the price of 22-carat gold by Tk 1,050 a bhari to Tk 1,38,288.
BAJUS attributed the latest price hike to an increase in the price of pure gold on the local market.
The association also noted that the government-imposed 5 per cent VAT and a minimum wage set by BAJUS at 6 per cent will be added to the selling price. However, the wage may vary based on the design and quality of the jewellery.聽
The price of pure gold has increased on the local market. As a result, the new price of gold has been determined considering the overall situation, it added.