Gold prices in Bangladesh climbed to an all-time high on Sunday, with the price of 22-carat gold rising to Tk 218,117 per bhori following a fresh hike announced by the Bangladesh Jewellers Association (BAJUS).

BAJUS raised the price of 22-carat gold by Tk 1,050 per bhori, setting the new rate at Tk 218,117, which will come into effect from Monday morning.

This marks the highest gold price ever recorded in the country.

According to BAJUS, the latest adjustment was made considering the overall market situation, particularly the rise in the price of tejabi (pure) gold in the local market.

Under the revised rates, the price of 21-carat gold has been fixed at Tk 208,202 per bhori, 18-carat gold at Tk 178,459 per bhori, while traditional method gold has been priced at Tk 148,599 per bhori.

In addition to the selling price, buyers will have to pay a mandatory 5 percent government VAT and a minimum 6 percent making charge set by BAJUS.

However, the making charge may vary depending on the design and quality of the jewellery, the association said.

BAJUS last adjusted gold prices on December 15, when it raised the price of 22-carat gold by Tk 1,470 per bhori to Tk 217,067.

So far this year, gold prices in the local market have been adjusted 87 times—raised on 60 occasions and reduced 27 times.