Gold prices rise by Tk 6,590 per bhori

The prices of gold in the local market of the country have been increased after four consecutive reductions, with the rate of 22-carat gold rising by Tk 6,590 per bhori.

With the latest adjustment, the price of 22-carat gold now stands at Tk 224,940 per bhori (11.664 grams), according to the BangladeshJewellers Association (BAJUS).

BAJUS said the revised prices took effect on Saturday, following a rise in the price of pure gold in the local market.

The decision was taken at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring, chaired by the committee chairman DrDewanAminul Islam Shahin, and was later announced through a press release.

Earlier, gold prices were reduced in four separate adjustments on June 2, June 6, June 10 and January 11, resulting in a cumulative reduction of Tk 19,771 per bhori for 22-carat gold over that period.