Gold price cut by Tk2,613 per bhori after recent hike
With this, the association has adjusted gold prices 72 times so far this year, increasing rates 49 times and reducing them 23 times
Barely 24 hours after raising prices by over Tk8,000 per bhori, the Bangladesh Jewellers Association (Bajus) has announced a reduction in gold prices once again.
In a new decision, Bajus has lowered the price of 22-carat gold by Tk2,613 per bhori, setting the new rate at Tk200,296 per bhori, effective from today (31 October).
The association, in a statement, said that the price of pure gold (tejabi) has fallen in the local market, prompting the latest price adjustment.
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According to the new rate, the price of 21-carat gold will be Tk190,998 per bhori, 18-carat gold Tk163,716, and traditional method gold Tk136,014 per bhori.
Bajus also noted that the government-fixed 5% VAT and a minimum making charge of 6% must be added to the selling price of gold ornaments. However, the making charge may vary depending on design and quality.
Earlier, on 29 October, Bajus adjusted the gold price, increasing the rate of 22-carat gold by Tk8,900 per bhori to Tk202,709. On 22 October, the price had reached a record high of Tk217,000 per bhori, the highest in Bangladesh's history.
After four consecutive reductions, the price dropped to Tk194,000 before rising again above Tk200,000 per bhori.
With this, the association has adjusted gold prices 72 times so far this year, increasing rates 49 times and reducing them 23 times.
In 2024, the price was revised 62 times, with 35 hikes and 27 cuts.
Meanwhile, silver prices remain unchanged. The price of 22-carat silver is Tk4,246 per bhori, 21-carat Tk4,047, 18-carat Tk3,476, and traditional method silver Tk2,601 per bhori.
So far this year, silver prices have been revised nine times — increased six times and decreased three times. Last year, the rate was adjusted three times.
