Gold price at historic high of Tk 82,000 per Bhori

Staff Correspondent: Gold prices have risen in the domestic market due to the rise in the value of the US dollar and other currencies in the international market. The new price has been fixed at Tk 4,199 to fill the price of 22 carat gold. As a result, the price of good quality gold has risen to Tk 82,465. With this, this precious metal has reached the highest price in the history of the country’s market.
The new gold price will be effective in the market from today, the Bangladesh Jewelers Association (BAJUS) said.
The Bajus Standing Committee on Pricing and Monitoring met on Saturday (May 21st) and decided to raise prices. Later, the decision was announced in a notification signed by the vice-chairman of the committee Enamul Haque Bhuiyan Liton.
“The US dollar and other currencies have risen sharply in the international market,” it said. Gold prices have also risen in the international market and in the local bullion market. Considering the overall situation, the Bangladesh Jewelers Association has set a new price for gold, which will be effective from Sunday, May 22.
Earlier, on May 16, Bajus raised the price of gold in the country’s market, citing war and the global economic situation and the unusual rise in the value of the US dollar and other currencies. At the same time, the organization was responsible for determining the price of gold in the country, citing the reasons for the increase in the price of gold in the local bullion market.
The price of this precious metal has reached the highest price in the history of the country’s market due to the increase in the price of good quality gold above six thousand rupees in just five days. According to the new price, the price of the best quality or 22 carat gold (11.64 grams) has been increased by Tk 4,199 to Tk 82,465. Never before has there been a gold rush of Tk 82,000 in the country’s market.
Meanwhile, the price of 21 carat gold has been increased by Tk 4,024 to Tk 8,832.
The price of 18 carat gold has been increased by Tk 3,500 to Tk 6,534. The price of gold per traditional method has been increased by Tk 2,858 to Tk 56,220.
Although the price of gold has increased, the price of silver has remained the same. The price of 22 carat heavy silver has been fixed at Tk one thousand 518. The price of 21 carat silver has been fixed at Tk 1,435, 18 carat silver at Tk 1,225 and traditional method of silver at Tk 933.
Earlier, on May 16, the price of the best quality or 22 carat gold was increased by Tk 1,849. Besides, the price of 21 carat heavy gold was increased to Tk 1,791, 18 carat heavy gold to Tk 1,399 and the traditional method of heavy gold to Tk 1,018.
However, before that, the price of gold in the domestic market was reduced on April 26 and May 11 due to the fall in prices in the international market and local bullion market. On May 11, the price of the best quality or 22 carat gold was reduced by Tk 1,018 to Tk 6,518.
Besides, the price of 21 carat gold was reduced by Tk 1,018 to Tk 63,018, the price of 18 carat gold was reduced by Tk 933 to Tk 72,736 and the price of traditional gold was reduced by Tk 8 to Tk 52,196.