Gold ornament prices fall as Bajus adopts new VAT-inclusive pricing system
Following the government's proposal in the national budget for FY2026-27, the previous 5% VAT has been replaced with a fixed VAT of Tk2,500 per bhori. As a result, the price of 22-carat gold ornaments has decreased by Tk9,013 per bhori under the new method.
Bangladesh Jewellers Association (Bajus) has for the first time determined the prices of gold ornaments inclusive of VAT under a new pricing system, setting the price of 22-carat gold ornaments at Tk232,930 per bhori (11.664 grams), effective from Thursday morning.
Following the government's proposal in the national budget for FY2026-27, the previous 5% VAT has been replaced with a fixed VAT of Tk2,500 per bhori. As a result, the price of 22-carat gold ornaments has decreased by Tk9,013 per bhori under the new method.
The decision was taken at a meeting of the Bajus Standing Committee on Pricing and Price Monitoring, and the revised rates came into effect from 10:00am on Thursday.
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Previously, on 15 June, Bajus had set the price of 22-carat gold at Tk230,422 per bhori. After adding 5% VAT, the price of gold ornaments stood at Tk241,943 per bhori.
Under the new system, the price of 21-carat gold ornaments has been set at Tk222,491 per bhori, reflecting a decrease of Tk8,491.
The price of 18-carat gold ornaments has been fixed at Tk 191,056 per bhori, down by Tk 6,920, while the price of traditional-method gold ornaments has been set at Tk 156,064 per bhori, a reduction of Tk 5,170.
BAJUS said the new prices will remain effective at all jewellery shops until further notice. However, making charges will vary depending on the design of ornaments.
As VAT has already been included in the selling price of gold ornaments, jewellers will not be allowed to collect VAT separately from customers. A decision regarding VAT on silver ornaments will be announced shortly.
Although VAT-inclusive pricing has been introduced for gold ornaments, the previous VAT system will remain in place for silver. Customers will have to pay an additional 5% VAT on the fixed prices of silver ornaments.
With the applicable VAT, the price of 22-carat silver ornaments will stand at Tk5,365 per bhori, while 21-carat silver ornaments will cost Tk5,132 per bhori.
The prices of 18-carat and traditional silver ornaments have been set at Tk4,432 and Tk3,324 per bhori respectively.
