The Bangladesh Jewellers Association (BAJUS) has once again reduced gold prices in Bangladesh following a decline in international gold prices and a fall in the local market price of acid gold (pure gold). The latest adjustment lowers the price of 22-carat gold by Tk 4,432 per bhori, bringing the new rate to Tk 218,350 per bhori.
BAJUS announced the revision in a statement issued on Thursday morning. The new rates took effect from 10:00 a.m. on the same day.
According to the statement, the price adjustment was made after a decline in the local market price of acid gold (pure gold), taking into account overall market conditions.
Under the revised pricing structure, a bhori (11.664 grams) of 22-carat gold will now cost Tk 218,350. The price of 21-carat gold has been set at Tk 208,436 per bhori, while 18-carat gold will cost Tk 178,692 per bhori. Gold produced under the traditional method has been priced at Tk 145,508 per bhori.
Previously, on June 10, BAJUS had also adjusted gold prices, reducing the rate by Tk 6,591 per bhori and setting the price of 22-carat gold at Tk 222,782 per bhori.
So far this year, gold prices in Bangladesh have been revised 73 times. Of those adjustments, prices were increased on 37 occasions and reduced on 36 occasions.
Meanwhile, silver prices have also been lowered in the domestic market. BAJUS has reduced the price of 22-carat silver by Tk 58 per bhori, bringing the new rate to Tk 4,841 per bhori.
Under the new pricing, a bhori (11.664 grams) of 22-carat silver will cost Tk 4,841. The price of 21-carat silver has been set at Tk 4,607 per bhori, 18-carat silver at Tk 3,966 per bhori, and silver produced under the traditional method at Tk 2,974 per bhori.
Silver prices have been adjusted 44 times so far this year. Prices were increased on 22 occasions and reduced on the remaining 22 occasions.
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