Gold prices drop by Tk4,292 within a week
Gold prices have dropped once again in the local market, with the Bangladesh Jeweller's Association (Bajus) reducing the price of 22-carat gold by Tk2,624 per bhori, following a Tk1,668 cut just four days earlier.
With the latest revision, the price of 22-carat gold now stands at Tk1,70,236 per bhori (11.664 grams), effective from tomorrow (29 June), Bajus said in a statement today.
As a result, the price of 22-carat gold has dropped by a total of Tk4,292 per bhori in two phases within a week.
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According to the statement, the price adjustment comes in light of a decline in the cost of pure gold (tejaabi gold) in the local market.
Under the new pricing, 21-carat gold will cost Tk1,62,503 per bhori, 18-carat gold will sell for Tk1,39,291, and traditional (sanatani) gold will be priced at Tk1,15,170 per bhori.
In addition to the base price, consumers will have to pay a mandatory 5% VAT as set by the government and a minimum 6% making charge set by Bajus.
But, the making charge may vary depending on the design and quality of the jewellery, the association noted.
Bajus last revised gold prices on 24 June, when it reduced the price of 22-carat gold by Tk1,668 per bhori, setting it at Tk1,72,860.
With this adjustment, gold prices in the country have been revised a total of 40 times so far this year — increased on 26 occasions and decreased only 14 times.
