Gold price rises by Tk 4,432 per bhori after two consecutive cuts
According to the new rates, 21-carat gold will be sold at Tk2,20,391 per bhori, 18-carat at Tk1,89,248, and traditional-method gold at Tk1,54,606 per bhori.
Bangladesh Jeweller's Association (Bajus) today (22 June) raised the gold price in the domestic market by Tk4,432 per bhori, ending a two-round decline, with 22-carat gold now priced at Tk2,30,772 per bhori.
In a notice issued in the morning, Bajus cited a rise in the price of pure gold (tejabi gold) in the local market as the reason behind the upward revision.
According to the new rates, 21-carat gold will be sold at Tk2,20,391 per bhori, 18-carat at Tk1,89,248, and traditional-method gold at Tk1,54,606 per bhori.
Keep updated, follow The Business Standard's Google news channel
BAJUS said the revised price will remain in effect at all jewellery shops across the country until further notice, though applicable making charges will vary by design.
It also clarified that since VAT is already included in the selling price, jewellers cannot charge VAT separately from customers.
Existing BAJUS rules on jewellery exchange and purchase, excluding specific VAT, making charges and gemstones, will remain unchanged. A separate announcement on VAT applicable to silver jewellery will be made shortly.
The latest revision comes just two days after BAJUS cut the price of 22-carat gold by Tk2,216 to Tk2,26,340 per bhori on 20 June.
This is the 79th price adjustment for gold in the domestic market so far this year, with prices raised 40 times, reduced 38 times and VAT-adjusted once.
Meanwhile, silver prices remain unchanged. A bhori of 22-carat silver is currently being sold at Tk5,249, while 21-carat stands atTk 5,016, 18-carat at Tk4,257, and traditional-method silver at Tk3,208 per bhori.
