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Gold prices fall again in Bangladesh
Gold prices in the domestic market have been reduced once more, with the Bangladesh Jewellers Association (BAJUS) cutting the price of 22-carat gold by Tk 1,364 per bhori.
The new price for 22-carat gold has been set at Tk 206,908 per bhori, effective from Wednesday.
BAJUS announced the revised rates in a statement on Tuesday night, citing a decrease in the local market price of pure gold (tejabi gold) as the reason for the adjustment.
According to the new price chart, 21-carat gold will now cost Tk 197,495 per bhori, 18-carat gold Tk 169,291 per bhori, and traditional method gold Tk 140,761 per bhori.
In addition to the base price, buyers must also pay a mandatory 5 percent VAT and a minimum 6 percent making charge fixed by BAJUS, though making charges may vary depending on design and craftsmanship.
BAJUS last revised the gold prices on November 15, when the price of 22-carat gold was reduced by Tk 5,447 to Tk 208,272 per bhori, reports UNB.
With the latest revision, gold prices have been adjusted 78 times so far this year — increased 53 times and reduced 25 times.
Meanwhile, silver prices remain unchanged, with 22-carat silver selling at Tk 4,246 per bhori.