The Bangladesh Jewellers Association (Bajus) has raised the price of gold for the second consecutive time, pushing up the rate of 22-carat gold by Tk 6,590 per bhori over two revisions.

In a notice issued on Friday, Bajus said the price of 22-carat gold has been increased by Tk 4,374 per bhori due to a rise in the price of pure gold in the local market, setting a new price inclusive of VAT.

According to the new rate, each bhori (11.664 grams) of 22-carat gold will now cost Tk 228,556 in the domestic market, including VAT.

Bajus also fixed the price of 21-carat gold at Tk 218,292 per bhori, 18-carat gold at Tk 187,440 per bhori, and traditional gold at Tk 153,148 per bhori.

The association had last revised the gold price on July 2, raising it by Tk 2,216 per bhori to set the price of 22-carat gold at Tk 224,182, including VAT.

Bajus said the new price will remain effective at all jewellery outlets across the country until further notice, though making charges will apply depending on the design of the ornaments.

Since VAT is included in the sale price of gold and silver ornaments, jewellers cannot charge VAT separately from customers. The association's existing rules will continue to apply for exchange and purchase of ornaments, excluding specified VAT, making charges and the cost of stones.

So far, the price of gold has been adjusted 86 times in the domestic market, with 43 hikes, 42 cuts, and one VAT adjustment.

Alongside gold, the price of silver has also been increased. The price of 22-carat silver has been set at Tk 4,899 per bhori, up by Tk 117.

The price of 21-carat silver has been fixed at Tk 4,666 per bhori, 18-carat at Tk 4,024 per bhori, and traditional silver at Tk 3,033 per bhori.

The price of silver has been adjusted 53 times so far this year, with 27 hikes and 26 cuts.