Dhaka, Aug. 15 -- The price of gold has been increased in the local market, with the best quality or 22-carat gold now costing Tk 2,158 more per bhori (11.664 grams), effective from Saturday.

According to the new price set by the Bangladesh Jewellers Association (Bajus), the price of 22-carat gold now stands at Tk 236,779 per bhori, including VAT, effective from 10 am.

In a notification, Bajus said the decision to raise the price was taken in line with the rising price of tejabi gold (pure gold) in the local market. Notably, the price of the same category of gold was reduced by the same amount, Tk 2,158, just a day earlier, on Friday.

The latest hike comes within 24 hours of that price cut, effectively reversing it.

As per the new pri...