Dhaka, Bangladesh (BBN)– Gold prices are set to rise in the domestic market from Sunday after three months of a static price range following sharp hike in its value in the international market, traders said.
“The prices of gold will increase by BDT 1,049 to BDT 1,517 a bhori (11.664 gram) depending on different categories in the local market which will be effective from Sunday,” a senior leader of the Bangladesh Jewellery Samity (BJS) said.
He also said the price of gold is gradually increasing in the global market due to long-term economic recession in the European market, upcoming USA election, Syria and Lebanon crises and other issues. 
“The price of gold fluctuated from $1,620 to $1,673 in last four days in the international market and due to the Eid-ul-Fitr vacation re-fixing of its prices in the local market has been delayed,” the BJS leader noted.
The price of 22-carat gold will go up by BDT 1,517 per bhori, that of 21-carat gold also by BDT 1,517, 18-carat by BDT 1,283 and the traditional gold by BDT 1,049.
The newly fixed prices of gold are: one ‘bhori’ of 22-carat gold BDT 57,970, 21-carat BDT 55,404, 18-carat BDT 47,472 and the traditional gold BDT 36,041, the BJS said. 
On May 20 last, the prices of gold were: one ‘bhori’ of 22-carat gold BDT 56,453, 21-carat BDT 53,887, 18-carat BDT 46,189 and the traditional gold BDT 34,992.
 
BBN/SSR/AD-26Aug12-9:40 am (BST)