Bangladesh Gold Prices Plummet Amid Market Fluctuations
The gold market in Bangladesh has seen another significant drop in prices, with the Bangladesh Jewellers Association (BAJUS) cutting the price of 22-carat gold by Tk 7,115 per bhori. This decision was made at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring on August 29.
The new price of 22-carat gold has been set at Tk 240,636 per bhori (11.664 grams), including VAT, effective from 10:00am on Saturday. The association also reduced silver prices, with the price of 22-carat silver falling by Tk 15 per gram to Tk 455.
BAJUS clarified that VAT is already included in the announced selling prices, and jewellery retailers cannot charge customers an additional VAT separately. However, making and labour charges will still be added depending on the design and craftsmanship of the jewellery.