The Bangladesh Jewellers Association (Bajus) has raised the price of 22-carat gold by Tk1,050 per bhori, setting a new record high of Tk217,382 per bhori, the highest ever in the country's history.

Bajus announced the new price in a press release on Sunday night (19 October), saying it will come into effect from Monday (20 October).

According to the association, the price adjustment was made considering the rise in the price of pure gold (tejabi gold) in the local market and overall market conditions.

Under the new rate, the price of 21-carat gold has been fixed at Tk207,503 per bhori, 18-carat gold at Tk177,853 per bhori, and traditional gold at Tk148,075 per bhori.

In addition to the selling price, a 5% government-imposed VAT and a minimum 6% Bajus-determined making charge will be applicable. However, the making charge may vary depending on the design and quality of the jewellery.

Bajus last revised the gold price on 14 October, when the price of 22-carat gold was raised by Tk2,613 to Tk216,332 per bhori, which was then the highest in the country's history.

Gold price