Gold nears Tk 2 lakh mark per bhori

Gold prices have spiked again within less than a week, hitting Tk 197,576 per bhori.

The new rate is Tk 2,193 higher than the price - Tk 195,383 per bhori- fixed by the Bangladesh Jewellers Association (Bajus) on September 29.

The new rate will become effective from today, said Bajus, adding that prices of pure gold have increased in the domestic market.

Gold prices in Bangladesh have been climbing steadily, setting new records almost every week. In September alone, the price of 22-carat gold jumped by over Tk 16,000 per bhori.

Industry insiders attribute the surge mainly to the international bullion market, the devaluation of the taka, economic uncertainty, and high inflation.

Although Bangladesh does not import significant volumes of gold, domestic prices remain closely aligned with global trends.