A day after cut, Bajus raises gold price fourth time in April

The Bangladesh Jeweller's Association (Bajus) on Sunday increased gold price by Tk 630 per bhori, a day after reducing it by Tk 840 per bhori, reports UNB.
With this, the apex body of gold traders has increased gold price by Tk 5190 per bhori four times in April.
Bajus decreased gold price by Tk 840 per bhori on Saturday (April 20), while increased price four times on April 6, 8, 18 and 21.
Bangladesh witnessed such unstable gold market first time with the record high price of gold at Tk 119428 per bhori 22-carat gold as Bajus's new rate came into effect from 3.30 pm on Sunday (April 21).
Masudur Rahman, Chairman of the Price Determination and Price Monitoring Standing Committee of Bajus issued a notice in this regard.
As per the new price, per bhori (11.664 grams) of 22-carat gold will cost Tk Tk 119428 per bhori. Apart from this, the price of 21-carat gold has been set at Tk 114003 per bhori, 18-carat gold at Tk 97709 per bhori and the traditional gold price set at Tk78662.
Though the price of gold has increased, the price of silver has been kept unchanged.
According to the category, currently, the price of 22-carat silver is Tk2100, 21-carat is Tk2006, 18-carat is Tk1715 and the price of traditional silver in traditional is Tk1283.