Bangladesh Jewellers Samity or Bajus raised the prices by Tk 1,166 per Bhori (11.664 grams) across the board in an announcement on Tuesday. Uncertainty over the coronavirus outbreak led to a rise in demand for gold in China and subsequently price hike in the international market, Bajus General Secretary Dilip Kumar Agarwala explained. When gold prices were raised for the last time in early January, jewellers had cited a volatile global market after the death of Iranian commander Qassem Soleimani in a US airstrike in Iraq. Gold prices crossed Tk 60,000 a Bhori at the time. In 2003, when the US started the war against Iraq, the prices rose to as high as Tk 70,000.

Source: bd News24 February 18, 2020 21:45 UTC