The Bangladesh Jewellers Samity has hiked gold prices, to be effective from Sunday, as the winter season approaches.
During the winter season, the wedding season in the country, demand for gold normally remains high.
According to a BJS statement on Saturday, the finest quality 22-carat gold will be sold at Tk 4,220 per gram, which is about 3 per cent higher.
The price of silver has also gone up. 21-karat silver will cost Tk 90 per gram.
BJS General Secretary Dilip Kumar Agarwala said international global prices and rising local demand were behind the latest revision.
“The demand has climbed as November and December are the wedding season in Bangladesh,” he said.
According to bdnews24.com, prices were last revised on September 26 this year, when it was cut for a second time in two weeks.