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The Bangladesh Jewellers Association (BAJUS) has reduced gold prices in the domestic market, cutting the price of 22-carat gold by up to Tk 1,108 per bhori, including VAT.
The revised prices came into effect at 10am on Friday (October 30), according to a BAJUS notice.
Under the new rates, 22-carat gold will cost Tk 223,074 per bhori, while 21-carat gold has been priced at Tk 213,043 per bhori.
The price of 18-carat gold has been set at Tk 182,950 per bhori, while traditional-method gold will cost Tk 149,474 per bhori.
BAJUS said the revised rates were decided at a meeting of its Standing Committee on Pricing and Price Monitoring at 9am on Friday.
Silver prices have also been reduced. Under the new rates, 22-carat silver will cost Tk 3,674 per bhori, 21-carat Tk 3,499, 18-carat Tk 3,033 and traditional-method silver Tk 2,274 per bhori.
BAJUS said making charges would vary depending on the design of jewellery. As VAT is included in the selling prices of gold and silver, jewellers cannot collect it separately from customers.
For jewellery exchange, a 12 per cent deduction will apply, while an 18 per cent deduction will apply for purchases, excluding making charges and the cost of stones. No separate VAT deduction will be allowed in either case.
