Dhaka, May 17 -- The price of gold in Bangladesh has been increased. The rate for 22-carat gold-the highest quality-has gone up by Tk 1,364 per bhori (11.664 grams), setting the new price at Tk 167,098 per bhori.

This hike follows a rise in the price of raw (tejabi) gold in the local market. The new prices will take effect from Sunday, May 18, according to the Bangladesh Jewellers Association (BAJUS).

The pricing decision was made on Saturday, May 17, during a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring, and announced in a statement signed by Committee Chairman Masudur Rahman, says local media.

Notably, gold prices have fluctuated nine times within the first 18 days of May-either increasing or decreasing.

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