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The Bangladesh Jewellers’ Association (BAJUS) has increased gold jewellery prices in the local market, raising the price of 22-carat gold by Tk 2,216 per bhori (11.664 grams), effective from 10:00 am on Monday.
With the latest adjustment, the price of 22-carat gold jewellery, including VAT, has been set at Tk 223,074 per bhori, according to a BAJUS statement.
The association said the price revision was prompted by an increase in the price of acid-tested pure gold in the local market.
The decision was taken at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring and announced in a statement signed by the committee’s chairman, Dr Dewan Aminul Islam Shaheen.
Under the revised rates, the price of 21-carat gold has been increased by Tk 2,100 to Tk 213,043 per bhori, while 18-carat gold now costs Tk 182,950 per bhori, up Tk 1,750. The price of traditional gold has also been raised by Tk 1,458 to Tk 149,474 per bhori.
The latest increase comes just three days after BAJUS reduced gold prices. On 24 July, the price of 22-carat gold jewellery was cut by Tk 3,324 per bhori to Tk 220,858, while 21-carat gold was reduced by Tk 3,150 to Tk 210,943 per bhori.
BAJUS said the latest revision reflects changes in the domestic market price of pure gold.
