Jewellers hike gold price in peak wedding season

Staff Correspondent | Published: 23:47, Dec 24,2017 | Updated: 00:05, Dec 25,2017

 
 

Jewellers have raised the prices of gold by up to Tk 1,400 a bhori (11.66 gm) for the local market from today amid the ongoing wedding season.
The Bangladesh Jewellers Samity (BAJUS) on Sunday announced the hike citing a price hike of the precious metal on the international market as well as rise in demand for gold ornaments in the country.
Under the new price set by BAJUS, a bhori of 22-karat gold will be sold at Tk 49,339 while 21-karat and 18-karat will be sold at Tk 47,123 and Tk 41,874 respectively.
On traditional method, the price of a bhori of gold is set at Tk 25,661.
A bhori of 22-karat gold was sold at Tk 47,939 in local market while 21-karat and 18-karat was traded at Tk 45,723 and Tk 40,474 respectively on Sunday.
On the other hand, the price of a bhori of gold weighed at traditional method was Tk 24,786.
The price of silver remained unchanged at Tk 1,050 a bhori.
Charge for ornaments making and value-added tax will be included as usual with the set price, jewellers said.
A 22-karat gold ornament contains 91.6 per cent pure gold, 21-karat gold contains 87.5 per cent and 18-karat gold contains 75 per cent of pure gold.
Gold traders said that the prices of gold had been adjusted with the price on international market.
Demands for gold ornaments have also increased in domestic market in line with the season of wedding in the country.
Most of the wedding programmes are arranged in winter in the country.
BAJUS on December 13 lowered the prices of gold by Tk 1,283 a bhori.

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

images

 

Advertisement

images