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Gold price tops Tk 90K a bhori for first time

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Bangladesh Jeweller’s Association (BAJUS) has increased the gold price by Tk 1,575 to Tk 2,333 per bhori with effect from Sunday (8 January)

With the latest price, 22-carat gold will be sold at record Tk 90,746 per bhori for the first time in the country while 21-carat gold will be sold at Tk 86,605 per bhori and 18-karat gold at Tk 74,241, BAJUS said in a press release on Saturday.

The price of traditional gold has been set at Tk 61,878 per bhori, the release added.

BAJUS leaders said the price of gold has increased due to rise in the price of pure gold in local bullion market.

Until Saturday, the price of 22-carat gold was Tk 88,413 per bhori. The price of 21-carat gold was Tk 84,389 per bhori while 18-carat gold was available at Tk 72,317 and traditional gold at Tk 60,303.

Price of (cadmium) silver has also been increased by Tk 1,715 per bhori.

With the latest price, 21-carat silver will be sold at Tk 1,633 per bhori, 18-carat silver at Tk 1,400 per bhori and traditional silver at Tk 1,050, according to the press release.

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Remittances Top $2bn in First 28 Days of September

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Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.

Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.

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Yunus Pledges Swift Reforms and Election in Bangladesh’s Interim Govt

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Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.

Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.

During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”

Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.

Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.

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Polythene Bags to Be Phased Out, Says Environment Adviser Rizwana Hasan

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Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.

Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.

“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.

The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.

Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.

She also announced plans to make the government secretariat a plastic-free zone by December.

Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.

Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.

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