Gold prices surpass Tk 2 lakh per bhori for the 1st time

It’s official. Gold has joined the two-lakh club. For the first time in Bangladesh’s history, one bhori of 22-carat gold now costs a jaw-dropping Tk 2,00,726. Forget stock markets, the real bull run is happening at the jewellery shops. The Bangladesh Jewellers Association (BAJUS), the nation’s unofficial mood regulator, announced the price hike on Monday, citing “an increase in the price of pure gold.” Critics, however, suspect the only thing more volatile than acid gold these days is BAJUS’s pricing committee. The new rate, effective from Tuesday, October 7, adds Tk 3,150 to each bhori of gold, setting a national record and giving aspiring brides’ families another reason to panic. With the latest revision, prices across all categories of gold...