The price of gold has gone up again in the domestic market, with the cost of the best-quality 22-carat gold rising by Tk 2,216 per bhori.

The new rates came into effect from 10am Wednesday, according to a press release issued by the Bangladesh Jewellers Association (BAJUS).

With the latest adjustment, 22-carat gold will now sell at Tk 223,074 per bhori including VAT.

BAJUS said the prices of gold ornaments were adjusted following an increase in the price of refined (tejabi) gold in the local market.

Under the revised rates, the price of 21-carat gold has been raised by Tk 2,100 to Tk 213,043 per bhori, while 18-carat gold has gone up by Tk 1,750 to Tk 182,950 per bhori.

The price of gold of the traditional method has increased by Tk 1,458 to Tk 149,474 per bhori.

Earlier, BAJUS had cut gold prices four times in a row on October 13, 22, 23 and 25, bringing down the price of 22-carat gold by a total of Tk 10,439 per bhori. The latest hike comes after those four consecutive reductions.

Meanwhile, silver prices remain unchanged despite the rise in gold rates.

According to the new rates, 22-carat silver will sell at Tk 3,849 per bhori, including VAT.

The prices of 21-carat and 18-carat silver stand at Tk 3,674 and Tk 3,149 per bhori respectively, while silver of the traditional method will cost Tk 2,391 per bhori.