Gold price to hit new record

Gold prices are set to hit a new record as the Bangladesh Jewellers' Association (Bajus) decided to sell each bhori (11.664 grammes) of the precious metal at over Tk 1.10 lakh from tomorrow (Dec 24).

The standing committee on pricing and price monitoring of Bajus took the decision at a meeting today due to a rise in pure gold prices, the association said in a statement.

The current price of each bhori of 22-carat gold ornaments is Tk 1.09 lakh.

Badal Chandra Roy, general secretary of Bajus, said prices were increasing due to the demand-supply gap. The rising US dollar price is another factor behind the hike.

In July, the price of gold crossed the Tk 100,000-mark for the first time in Bangladesh.