Gold price cut for the fourth time in a row in Bangladesh, down Tk 2,158 per bhori
The price of gold has been cut in the local market for the fourth consecutive time. This time the price has been reduced by Tk 2,158 per bhori (11.664 grams).
The Bangladesh Jewellers' Association (BAJUS) announced the information in a press release on Friday morning. BAJUS said the price was cut because the price of pure gold had fallen in the local market. The new prices took effect from 10am today.
The decision to reduce the price was taken at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring held the same day. The information was later announced in a release signed by the committee's chairman, Dr Dewan Aminul Islam Shahin.
Under the new BAJUS prices, gold is set at Tk 221,966 per bhori for 22 carat, Tk 209,894 for 21 carat, Tk 180,267 for 18 carat and Tk 147,316 for the traditional method.
While the price of gold has fallen, the price of silver remains unchanged. According to BAJUS, silver jewellery is priced at Tk 3,499 per bhori for 22 carat, Tk 3,383 for 21 carat, Tk 2,916 for 18 carat and Tk 2,216 for the traditional method.
BAJUS said making charges will apply according to the design of the jewellery. As VAT is included in the selling price of gold and silver jewellery, VAT cannot be collected separately from buyers.
