Gold prices have reached a new all-time high of Tk 135,663 per bhori (11.664 grams), effective tomorrow. Bangladesh Jeweler’s Association (BAJUS) announced this increase during a meeting on Tuesday, attributing the rise to the surge in pure gold prices in the local market. As a result, the price of 22-carat gold will go up by Tk 2,612 per bhori.
Gold prices in Bangladesh have been steadily climbing for over a year, surpassing the Tk 100,000 per bhori mark for the first time in July last year. Despite the country not importing large amounts of gold, local prices are influenced by international market trends.
The annual demand for gold in Bangladesh ranges from 20 to 40 tons, with approximately 80 percent of this demand being met through smuggled gold, according to industry sources.
Comment here