Dhaka, Oct. 6 -- Gold prices in Bangladesh have reached an unprecedented high, crossing the Tk 2 lakh mark per bhori (11.664 grams) for the first time, driven by continuous price surges in September and early October.

On Monday night, the Bangladesh Jewellers Association (BAJUS) announced an increase of Tk 3,150 per bhori for 22-carat gold, setting the new rate at Tk 2,726 per bhori, the highest in the country's history. The revised prices will take effect from Tuesday.

According to BAJUS, the hike reflects a rise in the value of pure gold in the local market. The association's Standing Committee on Pricing and Price Monitoring recalculated the rates to align with market trends.

The new prices include the mandatory 5 percent VAT impose...