The price of gold in Bangladesh has surpassed Tk 2 lakh per bhori (11.664 grams) for the first time, following continued price hikes in September and early October.

On Monday night, the Bangladesh Jewellers Association (BAJUS) raised the price of 22-carat gold by Tk 3,150 per bhori, setting it at Tk 2,726 per bhori — the highest in the country’s history.

The new price will come into effect from Tuesday.

BAJUS said the increase reflects a rise in the value of pure gold in the local market. The association’s Standing Committee on Pricing and Price Monitoring recalculated the rates accordingly.

The new price includes the mandatory 5 percent VAT set by the government and a 6 percent minimum wage determined by BAJUS. Prices may vary depending on jewellery design and quality.

Under the revised rates, gold prices in the country will be:

* 22-carat: Tk 2,726 per bhori

* 21-carat: Tk 1,91,605 per bhori

* 18-carat: Tk 1,64,229 per bhori

* Traditional (Sanatani): Tk 1,36,445 per bhori

BAJUS last adjusted gold prices on October 4, raising 22-carat gold by Tk 2,192 to Tk 1,97,576 per bhori, which had been the previous record.

So far this year, BAJUS has revised gold prices 61 times, with 43 increases and 18 decreases.

Meanwhile, global gold prices have also reached record levels, with the price per ounce exceeding $3,900 for the first time.