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Gold price drops by Tk 5,447 per bhori at week’s start
After four consecutive hikes, the Bangladesh Jewellers Association (BAJUS) has reduced gold prices by Tk 5,447 per bhori, bringing the new rate for 22-carat gold to Tk 208,272 per bhori.
The revised prices will take effect from Sunday, the association said in a statement on Saturday night.
BAJUS said the price cut follows a decline in the local market rate of pure (tejabi) gold, prompting a fresh adjustment based on overall market conditions.
As per the new pricing, one bhori (11.664 grams) of 22-carat gold will cost Tk 208,272.
Meanwhile, 21-carat gold will be sold at Tk 198,801 per bhori, 18-carat at Tk 170,399, and traditional method gold at Tk 141,718 per bhori.
The association noted that a mandatory 5% government-set VAT and a minimum 6% making charge set by BAJUS must be added to the selling price, though making charges may vary depending on design and craftsmanship.
With this latest adjustment, gold prices have been revised 77 times this year—53 increases and 24 decreases.
Despite the drop in gold prices, silver rates remain unchanged, with 22-carat silver selling at Tk 4,246 per bhori, reports UNB.