The Bangladesh Jewellers’ Association (BAJUS) has once again reduced the gold price in the local market, cutting Tk 1,039 per bhori with the latest adjustment, the price of 22-carat gold has been set at Tk 207,957 per bhori.
The new rates will come into effect from Monday, according to a BAJUS press release issued Sunday night.
BAJUS said the price was revised following a fall in the rate of pure gold (Tejabi) in the local market.
As per the new rates, the price of 21-carat gold has been fixed at Tk 198,498 per bhori, 18-carat gold at Tk 170,143 per bhori, and traditional gold at Tk 141,496 per bhori.
The association also mentioned that the prices are subject to a 5% government-imposed VAT and a minimum 6% making charge set by BAJUS. However, the final making charge may vary depending on jewellery design and quality.
Earlier, on October 22, BAJUS reduced the price of 22-carat gold by Tk 8,386 per bhori, fixing it at Tk 208,996.
With this latest change, gold prices in the country have been adjusted 68 times so far this year — increased 48 times and decreased 20 times.