Local gold price hiked again
Jewellers have decided to hike gold prices again, raising it by Tk 3,663 for each bhori or 11.664 grammes.
From tomorrow, a bhori of 22-carat gold will cost Tk 174,948, up from the existing price of Tk 171,285.
For all latest news, follow The Daily Star's Google News channel. The standing committee on pricing and price monitoring of the Bangladesh Jewellers' Association took the decision of hiking the prices in a meeting today, citing an increase in pure gold prices in the local market.
Gold prices in Bangladesh have been rising steadily for over a year, driven by international market trends and volatility in domestic supply.
In July 2023, the price of gold crossed the Tk 100,000 mark for the first time in Bangladesh.
The country requires 20 to 40 tonnes of gold annually, with around 80 percent of the demand met through smuggling.
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