Gold price over Tk 1 lakh a bhori again

People once again will have to buy gold jewellery by paying over Tk 1 lakh per bhori from tomorrow as Bangladesh Jewellers Association (Bajus) decided to hike rate again.

The Bajus asked jewellry traders to sell each bhori of gold at Tk 100,543 from tomorrow, up by Tk 1,166 or 1.17 percent from the existing Tk 99,377 per bhori, until further decision.

The latest spiral comes four days after the Bajus increased prices of gold by 2.4 percent blaming rise in the rates of pure gold in the local market.

One bhori is equal to 11.664 grams.

Today, the association said prices of pure gold edged up further in the domestic market. 

By the end of last month, the Bajus cut the gold prices in three phases from over Tk 100,000, which prevailed for more than a month.

It revised upward the prices from the beginning of this month.