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Gold prices in Bangladesh have seen a significant decline, with the Bangladesh Jewellers Association (BAJUS) cutting the price of 22-carat gold by Tk 2,158 per bhori (11.664 grams).
Following the latest adjustment, the price of 22-carat gold was fixed at Tk 234,621 per bhori, including VAT. The revised rate took effect at 10am on August 14, according to BAJUS.
The association also reduced the prices of other categories. 21-carat gold was set at Tk 224,065 per bhori, while 18-carat gold was priced at Tk 192,398. Gold made under the traditional method was fixed at Tk 157,172 per bhori.
The latest cut came just one day after BAJUS had raised gold prices. On August 13, the price of 22-carat gold had been increased to Tk 236,779 per bhori.
The association said the latest reduction was prompted by a decline in the price of Tezabi gold (pure gold) in the local market, along with the overall market situation.
BAJUS has been frequently adjusting gold prices in response to movements in the local market.
The latest reduction therefore offered some relief to consumers, particularly those planning to purchase jewellery.
However, the listed gold price does not represent the final retail cost of jewellery. Making charges and applicable VAT are added to the metal price, depending on the design and workmanship.
The volatility in gold prices also highlights the sensitivity of Bangladesh’s jewellery market to changes in the domestic price of pure gold and broader international market conditions.
Source: BAJUS
