Gold price sets another record

Gold prices have surged to yet another historic peak, hitting Tk 189,621 per bhori and surpassing the record set only a week ago.

The Bangladesh Jewellers Association (Bajus) announced that the new rate, effective from tomorrow, reflects an increase of Tk 6,812 per bhori. One bhori is equivalent to approximately 11.664 grammes.

Bajus said the adjustment follows a rise in the price of pure gold in the local market.

Although Bangladesh does not import gold in significant quantities, domestic prices remain closely tied to international trends.

The country's annual demand for gold is estimated at between 20 and 40 tonnes, with nearly 80 percent of that demand reportedly met through smuggling.