Gold prices cut again in Bangladesh, 22-carat now Tk234,038 a bhori
The decision was taken at a meeting of Bajus's Standing Committee on Pricing and Price Monitoring.
Gold prices have fallen again in Bangladesh's local market, with the Bangladesh Jewellers Association (Bajus) cutting the price of the best-quality 22-carat gold ornaments by Tk1,108 per bhori, bringing it down to Tk234,038.
The new rate came into effect this (8 September) morning.
Bajus said the price adjustment followed a drop in the price of gold bullion in the local market.
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The decision was taken at a meeting of Bajus's Standing Committee on Pricing and Price Monitoring.
The price of 21-carat gold ornaments was reduced by Tk1,049 per bhori to Tk223,541, while 18-carat gold ornaments now cost Tk191,931 per bhori, down Tk933.
The price of traditional-method (Sanatan) gold ornaments was also cut by Tk700 per bhori, bringing the new price to Tk156,822.
This is the second price cut in a row. Bajus had earlier reduced gold prices on 6 September when the price of 22-carat gold was cut by Tk2,216 per bhori to Tk235,146.
At the time, the price of 21-carat gold was reduced by Tk2,100 to Tk224,590, 18-carat gold by Tk1,750 to Tk192,864, and Sanatan gold by Tk1,458 to Tk157,522.
Taken together, the two rounds of price cuts on 6 September and today (9 September) have brought down the price of 22-carat gold ornaments by a total of Tk3,324 per bhori.
Despite the fall in gold prices, silver prices remain unchanged. The price of 22-carat silver ornaments, including VAT, stands at Tk5,132 per bhori.
The price of 21-carat silver is set at Tk4,957, 18-carat at Tk4,257, and Sanatan silver at Tk3,208 per bhori.
