Bangladesh Cuts Gold Prices by Tk 3,324 per Bhori

Gold prices in Bangladesh have fallen by Tk 3,324 per bhori, following a decline in the international market and lower prices for pure gold in the local market.

The Bangladesh Jewellers Association (BAJUS) announced the revised rates in a statement on Sunday. The new prices took effect at 10am on October 25, following the previous adjustment on Friday.

Under the revised rates, 22-carat gold costs Tk 220,858 per bhori, including value-added tax (VAT). A bhori is equivalent to 11.664 grams.

The price of 21-carat gold has been set at Tk 210,943 per bhori, while 18-carat gold costs Tk 181,200. Gold sold under the traditional method is priced at Tk 148,016 per bhori.

BAJUS said the price of locally traded pure gold, known as tejabi gold, had declined. Taking the overall market situation into account, the association revised gold prices, including VAT.

According to BAJUS data, gold prices in the domestic market have been adjusted 126 times so far this year. Prices were raised on 60 occasions and reduced on 65 occasions, while one adjustment involved VAT.

Last year, gold prices were revised 93 times, with increases on 64 occasions and decreases on 29 occasions.

Silver prices, however, remain unchanged. The price of 22-carat silver stands at Tk 3,849 per bhori, while 21-carat silver costs Tk 3,674 and 18-carat silver Tk 3,149. Silver sold under the traditional method is priced at Tk 2,391 per bhori.