Dhaka, July 1 -- After two consecutive reductions, the price of gold in the domestic market has increased again.

The Bangladesh Jewellers Association (BAJUS) on Tuesday announced a hike of Tk 1,890 per bhori (11.664 grams) for 22-carat gold, setting the new price at Tk 172,126, UNB reports.

In a statement issued on Tuesday night, BAJUS said the revised rates would come into effect from Wednesday (July 2).

The association attributed the price adjustment to a rise in the cost of refined (pure) gold in the local market.

Considering the overall market situation, BAJUS decided to revise the rates accordingly.

As per the new rates, the price of 21-carat gold has been fixed at Tk 164,299 per bhori, while 18-carat gold will now cost Tk 140,8...