Commodities
Bangladesh Gold Prices Adjusted Based on International Market Movements
The Bangladesh Jewellers Association (BAJUS) has clarified its role in setting gold prices in Bangladesh. According to BAJUS, it does not independently decide whether gold prices should rise or fall.
The association's Standing Committee on Pricing and Price Monitoring monitors the domestic market and adjusts prices based on movements in international gold prices.
This means that when international gold prices increase, BAJUS raises domestic prices, and when global prices fall, it lowers them correspondingly.