Gold began selling at a record high in the country鈥檚 market on Wednesday, following a sharp increase announced by the Bangladesh Jewellers Association on Tuesday night.
With the latest adjustment, the price of 22-carat gold has reached Tk聽1,94,859 per bhori (11.664 grams), the highest ever in Bangladesh鈥檚 history. BAJUS raised the rate by Tk聽3,663 within just a day, according to its press release.
As per the revised chart, 21-carat gold is now being sold at Tk聽1,86,006 per bhori, 18-carat at Tk聽1,59,424, and traditional gold at Tk聽1,32,351.
The rates include 5 per cent VAT fixed by the government and a minimum 6 per cent making charge set by BAJUS, though jewellers may impose higher charges depending on the design and quality of jewellery.
The surge comes immediately after another hike on Tuesday, when BAJUS raised the price of 22-carat gold by Tk聽1,574, setting it at Tk聽1,91,196 per bhori.
With this back-to-back adjustment, the local gold market has now entered uncharted territory, as prices touch unprecedented levels.