Bajus increases gold price again by Tk2,310 per bhori

The Bangladesh Jewellers Association (Bajus) increased the price of gold again, with the price of pure gold up by Tk2,310 per bhori, effective from tomorrow (6 May).

Earlier, Bajus had fixed the 22-carat gold price per bhori at Tk1,68,976 on Saturday, effective from Sunday.

Masudur Rahman, Chairman of Bajus's Price Determination and Price Monitoring Standing Committee, today (5 May), in a notification, informed this.

Accordingly, on Monday, the price of 22-carat gold rose by Tk2,310 per bhori, setting the new rate at Tk1,71,286 per bhori.

In a press release, Bajus stated that the price adjustment was made due to an increase in the value of pure gold hallmarked gold in the local market. Considering the overall situation, the association has determined the new gold prices.

According to the new rates, the price of gold per bhori (11.664 grams) in the Bangladesh market will be:

·       22 Carat: Tk1,71,286 per bhori
·       21 Carat: Tk1,63,494 per bhori
·       18 Carat: Tk1,40,143 per bhori
·       Traditional Method: Tk115,905 per bhori

Bajus also informed that the government-mandated 5% VAT and the minimum making charge of 6% must be added to the price of gold. The making charges may vary depending on the design and quality of the jewellery.

Previously, BAJUS had last adjusted the gold prices on 3 May, reducing the price of 22-carat gold by Tk3,570 to Tk1,68,976 per bhori. The prices for 21-carat gold were set at Tk1,61,301 per bhori, 18-carat gold at Tk1,38,253 per bhori, and gold of the traditional method at Tk1,14,296 per bhori, effective from 4 May.

This marks the 28th adjustment of gold prices in the country this year, with prices increasing 20 times and decreasing only 8 times. In 2024, gold prices were adjusted a total of 62 times, with 35 increases and 27 decreases.

 Despite the increase in gold prices, the price of silver remains unchanged in the domestic market. The selling price of 22-carat silver is Tk2,811 per bhori. The prices for 21-carat silver are Tk2,683 per bhori, 18-carat silver at Tk2,298 per bhori, and silver of the traditional method at Tk1,726 per bhori.