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The Bangladesh Jewellers Association (BAJUS) has announced a reduction in gold prices in the domestic market, cutting the price of gold jewellery by up to Tk 3,266 per bhori, including VAT.
The new prices came into effect at 10am on Friday (August 7), a day after BAJUS raised gold prices by Tk 9,856 per bhori.
According to a BAJUS notice, the new prices were set at a meeting of its Standing Committee on Price Determination and Price Monitoring at 9am on Friday.
Under the revised rates, the price of 22-carat gold, the highest quality commonly sold in the market, has been set at Tk 229,664 per bhori (11.664 grams), including VAT, down from Tk 232,930 on Thursday.
The price of 21-carat gold has been fixed at Tk 219,342 per bhori, while 18-carat gold will cost Tk 188,374 per bhori. Gold under the traditional system will be sold at Tk 153,848 per bhori.
Meanwhile, silver prices remain unchanged. The price of 22-carat silver stands at Tk 4,899 per bhori, while 21-carat silver costs Tk 4,666, 18-carat silver Tk 4,024 and traditional silver Tk 3,266 per bhori.
