Gold prices have dropped in the domestic market, with the Bangladesh Jewellers Association (BAJUS) reducing the price by Tk 1,353 per bhori. The decision was announced through a press release on Thursday, and the revised prices came into effect from Friday (21 November). The same rates remain in force on Saturday.
According to BAJUS, the price adjustment followed changes in the local market price of refined or pure gold. The organisation’s Standing Committee on Pricing and Price Monitoring held a meeting on Thursday to review the overall market situation. After assessing local demand, supply conditions and price trends, the committee decided to revise the prices of gold and silver in the domestic market.
Under the new price structure, the price of 22-carat gold has been fixed at Tk 208,167 per bhori (11.664 grams). Previously, the same category of gold was selling at Tk 209,520 per bhori. As a result, the price has been reduced by Tk 1,353 per bhori.
The new price of 21-carat gold has been set at Tk 198,696 per bhori, while 18-carat gold will now be sold at Tk 170,317 per bhori. Gold produced under the traditional method will be available at Tk 141,647 per bhori. These prices will remain effective at all jewellery shops across the country until further notice.
BAJUS also clarified that the selling price of gold must include the government-mandated 5 per cent value-added tax (VAT) and a minimum 6 per cent making charge fixed by the association. However, making charges may vary depending on the design and quality of the jewellery.
Earlier, on Wednesday (19 November), BAJUS had increased gold prices by Tk 2,612 per bhori, setting the price of 22-carat gold at Tk 209,520 per bhori.
Despite the fall in gold prices, silver prices remain unchanged. Currently, 22-carat silver is selling at Tk 4,246 per bhori. The price of 21-carat silver stands at Tk 4,047 per bhori, 18-carat silver at Tk 3,476 per bhori, and silver made under the traditional method at Tk 2,601 per bhori.
GLIVE/TSN