Gold Prices Climb Again, Touch New Record High
From today, each bhori will be sold at Tk 226,282
Gold prices in the domestic market have climbed to a new all-time high, with the Bangladesh Jewellers Association (Bajus) announcing an increase for the third consecutive day.
From today (Wednesday), 22-carat gold will be sold at Tk 226,282 per bhori (11.664 grammes), up Tk 4,200 from the previous rate of Tk 222,082, Bajus confirmed in a notification late Tuesday.
The association attributed the hike to rising prices of pure (tejabbi) gold in the local market.
The latest adjustment follows a sharp rally in global gold prices on Monday, fuelled by safe-haven demand amid escalating US-Venezuela tensions. According to Reuters, spot gold rose 2.2 per cent to $4,434.26 per ounce by 1:54 p.m. ET (18:54 GMT), after touching a record high of $4,441.92 earlier in the session. US gold futures for February delivery settled 1.9 per cent higher at $4,469.40 per ounce.
Silver also reached an all-time peak globally, pushing local 22-carat silver prices to Tk 5,132 per bhori.
Since December 11, domestic gold prices have surged 6.66 per cent, or more than Tk 14,000 per bhori, consistently breaking previous records amid heightened geopolitical uncertainty and investor flight to safe assets.
Bajus has urged jewellers to display the new prices prominently in their showrooms and follow the revised rates strictly from today.
