Gold prices are rising again, weighing 69,315 rupees

In less than a week, gold prices are rising again in the country's market. After an increase of Tk 3,275 in filling last week, this time it is increasing to Tk 1,050. It will cost 69,315 rupees to make a heavy gold ornament of 22 carats. This is the highest price of gold in the history of the country. The new price will be effective across the country from Wednesday.

In the last 7 days, the price of gold has been increasing by 4 thousand 315 rupees. However, the price of silver has not increased.

The Bangladesh Jewelers Association (BAJUS) on Tuesday night announced the decision to increase the price of gold. They last increased the price of gold on March 3. In all, the price of gold is increased by 4,315 rupees in 7 days. However, the price of silver has not increased. The price of one gram of 22 carat silver is 1 thousand 517 rupees.

Due to the new price increase, from tomorrow, one will have to buy a heavy gold ornament of 22 carats at 79,315 rupees.

Due to the new price increase, from tomorrow, one will have to buy a heavy gold ornament of 22 carats at 79,315 rupees. Apart from this, the price of 21-carat filling will be 65,699 rupees, 18-carat filling will be 74,096 rupees and the weight of traditional gold ornaments will be sold at 54,073 rupees. 

Till Tuesday, 22-carat gold was sold at Tk 8,275, 21 carat gold at Tk 74,006, 18 carat gold at Tk 64,152, and traditional gold ornaments at Tk 53,421. From Wednesday, the price of 22-carat gold will increase by Tk 1,050, 21 carats by Tk 933, 18 carats by Tk 617, and traditional gold by Tk 642.

Dewan Aminul Islam, vice-president of the Jewelers' Association, told Prothom Alo that gold prices have risen sharply in the international market since the Russian invasion of Ukraine. The price of gold reached  2,050 per ounce (31.10347 grams) in the world market on Tuesday.

Prices are rising in the world market due to the effects of the Russia-Ukraine war. Its impact has been felt in the country's bullion market. The price of gold has gone up and there is a crisis. That is why prices have been increased in the country's market.

Dewan Aminul Islam, Vice President, Jewelers Association

 Dewan Aminul Islam further said that due to the Russia-Ukraine war, prices are rising in the world market. Its impact has been felt in the country's bullion market. The price of gold has gone up and there is a crisis. That is why prices have been increased in the country's market. However, at the rate at which prices have risen in the world market, the price in the country may rise further, he said.