Gold price cut for a fifth straight time, down Tk 2,216 per bhori
The price of gold in the domestic market has been cut for a fifth consecutive time. This time the price has been reduced by Tk 2,216 per bhori.
As a result, the price of jewellery made from the best-quality, 22-carat gold has been set at Tk 217,592 per bhori (11.664 grams), including VAT.
The Bangladesh Jewellers’ Association (BAJUS) announced the information in a statement on Saturday. BAJUS said the price was cut because the price of pure gold had fallen in the local market, and the new price took effect from 10am on Saturday.
The BAJUS Standing Committee on Pricing and Price Monitoring met that day and decided to cut the price. The information was later announced in a statement signed by the committee’s chairman, Dr Dewan Aminul Islam Shahin.
Under the new BAJUS prices, 22-carat gold is Tk 217,592 per bhori, 21-carat gold is Tk 207,794 per bhori, 18-carat gold is Tk 178,459 per bhori, and gold under the traditional method is Tk 145,800 per bhori.
Although the gold price fell, the silver price remains unchanged. Under BAJUS prices, 22-carat silver jewellery is Tk 3,499 per bhori, 21-carat is Tk 3,383 per bhori, 18-carat is Tk 2,916 per bhori, and traditional-method silver jewellery is Tk 2,216 per bhori.
BAJUS said making charges will apply according to the design of the ornament. As VAT is included in the selling price of gold and silver jewellery, no separate VAT can be charged to buyers.
