The Bangladesh Jeweller's Association (Bajus) has hiked the price of gold by Tk1,400 per bhori, followed by a price hike of pure gold in the local market. As per new rate, per bhori 22-carat gold will cost Tk1,18,355, which was Tk1,16,955.

The standing committee on pricing and price monitoring of Bajus took the decision in a meeting on Tuesday, according to the Bajus press release.

Apart from this, the price of 21-carat gold has been set at Tk1,12,978 per bhori and 18-carat gold at Tk96,835 per bhori.

Besides, for the traditional method, the price of gold will be Tk80,062 per bhori.

The new rate will be effective from Wednesday.