Jewellers have again raised gold prices and the rate would be Tk 140,586 per bhori or 11.664 grammes with effect from tomorrow.

The previous price was Tk 138,498.

The standing committee on pricing and price monitoring of the Bangladesh Jewellers' Association (Bajus) took the decision of raising gold prices citing an increase in pure gold prices on the local market.

The price of gold in Bangladesh has been rising steadily for more than a year, influenced by hikes in the international market and volatility in domestic supply.

In July last year, the price of gold crossed the Tk 100,000-mark for the first time in Bangladesh.

Although Bangladesh does not import any significant quantity of gold, its prices are linked with international trends.

In Bangladesh, the annual demand for gold stands at between 20 and 40 tonnes and about 80 percent of the demand is met through smuggling.