Gold Price Cut for Fourth Straight Time, Down Tk 2,158 Per Bhori

The Bangladesh Jewellers Association (BAJUS) has cut gold prices in the local market once again. This time the price has been reduced by Tk 2,158 per bhori in a single move. With this, gold has become cheaper by a total of Tk 9,856 per bhori across four consecutive cuts.

BAJUS announced the information in a press release on Friday morning (13 November). Under the new rates, the price of 22-carat gold has been set at Tk 219,808 per bhori, including VAT.

BAJUS said the new prices took effect from 10 am on Friday. The BAJUS Standing Committee on Pricing and Price Monitoring met that day and decided to reduce the prices. The information was later announced in a release signed by the committee's chairman, Dr Dewan Aminul Islam Shahin.

Under the new rates, 22-carat gold now costs Tk 219,808 per bhori (11.664 grams) including VAT in the local market. Alongside, 21-carat gold costs Tk 209,894 per bhori, 18-carat gold Tk 180,267 per bhori, and traditional-method gold Tk 147,316 per bhori.

However, while gold prices have been reduced, silver prices remain unchanged in the local market. At present, 22-carat silver is selling at Tk 3,499 per bhori including VAT.

Alongside, 21-carat silver is selling at Tk 3,383 per bhori, 18-carat silver at Tk 2,916 per bhori, and traditional-method silver at Tk 2,216 per bhori.