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DHAKA: Gold prices in Bangladesh have dropped by Tk 3,324 per bhori, following a decline in the international market.
The Bangladesh Jewellers Association (BAJUS) has set the price of 22-carat gold at Tk 220,858 per bhori, including VAT.
BAJUS announced the price cut in a statement on Sunday morning (October 25). The new prices came into effect at 10am on the same day. The previous price adjustment was made on Friday.
Under the revised rates, 21-carat gold costs Tk 210,943 per bhori, while 18-carat gold is priced at Tk 181,200. Gold sold under the traditional method costs Tk 148,016 per bhori.
According to the BAJUS statement, the price of locally sourced tejabi gold (pure gold) has declined. Considering the overall market situation, the association revised gold prices, including VAT.
According to BAJUS data, gold prices in Bangladesh have been adjusted 126 times so far this year. Prices were raised 60 times and reduced 65 times, while one adjustment involved VAT.
Last year, gold prices were adjusted 93 times, including 64 increases and 29 decreases.
Meanwhile, silver prices have remained unchanged despite the decline in gold prices.
Currently, 22-carat silver is selling at Tk 3,849 per bhori. The price of 21-carat silver stands at Tk 3,674, 18-carat silver at Tk 3,149, and traditional-method silver at Tk 2,391 per bhori.
