Bangladesh Gold Prices Plummet Amid Fresh BAJUS Announcements

Gold prices dropped in Bangladesh's market on Sunday as per the latest announcement from the Bangladesh Jewellers Association (BAJUS). The association revealed fresh rates for the domestic gold market, effective from Sunday morning. 22-carat gold, the highest quality, now costs Tk.2,35,146 per bhori (11.664 grams), down by Tk.2,216 from the previous rate.

The price of 21-carat gold has also been reduced to Tk.2,24,590 per bhori. Meanwhile, 18-carat gold now sells for Tk.1,92,864 per bhori and traditional gold ornaments are priced at Tk.1,60,458 per bhori.

BAJUS clarified that making charges for gold and silver jewelry are set according to design and since VAT is already included in the announced price, it cannot be charged separately from customers. The association also confirmed that its existing policies for exchanging or buying back jewelry excluding VAT, making charges and stone value remain in effect.