The Bangladesh Jewellers Association has reduced the price of 22-carat gold by Tk 3,266 per bhori following a decline in the local price of pure gold.
BAJUS said the revised rates came into effect at 12:15 pm on Monday after reviewing the domestic market situation and the price of tejabi gold.
Under the new rates, 22-carat gold will sell for Tk 225,290 per bhori, including VAT.
The price of 21-carat gold has been fixed at Tk 215,142 per bhori, while 18-carat gold will cost Tk 184,758 per bhori. Traditional-method gold has been set at Tk 150,932 per bhori.
BAJUS said the new prices will remain effective at all jewellery outlets across the country until further notice. Making charges will vary depending on design.
The association also said VAT is already included in the retail price, meaning customers cannot be charged VAT separately on gold and silver ornaments.
Silver prices remain unchanged, with 22-carat silver selling at Tk 4,899 per bhori, 21-carat at Tk 4,666, 18-carat at Tk 4,024 and traditional-method silver at Tk 3,033.
The latest cut comes three days after BAJUS raised gold prices on July 3, when 22-carat gold was increased by Tk 4,374 per bhori to Tk 228,556.
Gold prices have now been adjusted 87 times in Bangladesh so far this year, with 43 hikes, 43 cuts and one VAT-related revision.
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