The price of gold has reached an all-time high in the country, hitting over Tk 2.29 lakh per bhori (11.664 grammes).

Jewellers have increased the price of the precious yellow metal by Tk 1,575 to Tk 2,29,431 following a hike in the pure gold price in the local market.

The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Sunday.

This fresh hike comes just a day after gold reached a record price of Tk 2,27,856 per bhori.

As per the new decision, the price of 22-carat gold will now be Tk 19,670 per gramme and 21-carat Tk 18,775 per gramme, read a press release signed by the standing committee chairman, Dewan Aminul Islam Shahin.

The price of 18-carat gold has been fixed at Tk 16,095 a gramme, while that of traditional gold at Tk13,420 per gramme.

New tariffs would come into effect on Monday, read the release.

However, prices of silver have remained unchanged.

The price of 22-carat silver is now Tk 520 per gramme, 21-carat Tk 495, 18-carat Tk 425, and traditional one is Tk 320 per gramme.

Buyers will also have to pay an additional 5% VAT set by the government, along with a minimum 6% making charge fixed by BAJUS. The making charge may vary depending on design and quality, the release added.