Gold prices surge again, effective today

Bangla Press Desk:   Gold prices have risen once again in the domestic market, with the price increasing by Tk5,424 per bhori. 

As a result, the price of 22-carat gold has climbed to Tk251,184 per bhori. The hike comes just a day after prices were cut twice in a single day by a total of Tk12,014.

The Bangladesh Jewellers Association (BAJUS) announced the latest adjustment in a notice issued on Tuesday morning (3 February). The revised prices came into effect from 10:30am the same day.

According to the notice, the price revision was made due to an increase in the price of refined gold (pure gold) in the local market.

Under the new decision, BAJUS raised gold prices by up to Tk5,424 per bhori. Consequently, the price of top-quality 22-carat gold rose from Tk245,760 on Monday afternoon to Tk251,184 per bhori.

As per the updated rates, 21-carat gold is selling at Tk239,754 per bhori. The price of 18-carat gold has been fixed at Tk205,520 per bhori, and gold produced under the traditional method is being sold at Tk168,195 per bhori.

Despite the rise in gold prices, silver prices have remained unchanged. The price of 22-carat silver stands at Tk6,356 per bhori, while 21-carat silver is selling at Tk6,065 per bhori. Meanwhile, 18-carat silver is priced at Tk5,202 per bhori, and traditionally made silver at Tk3,907 per bhori.

The domestic gold market has witnessed sharp fluctuations in recent days amid volatility in the global market. Last week, gold prices in the international market surged sharply, prompting BAJUS to raise local prices by Tk16,213 per bhori in a single adjustment on Thursday morning. This pushed the price of top-quality gold to Tk286,000 per bhori — the highest ever recorded in the country’s history and the largest single-day increase to date.

BAJUS announced a price cut of up to Tk14,600 per bhori on Friday morning, bringing the price of top-quality gold down to Tk271,000 per bhori. Gold prices were subsequently reduced further in several phases before the latest increase. Source: daily Sun

BP/TD