Bangladesh Jewellers Association Cuts Gold Prices Across Categories

The Bangladesh Jewellers Association (BAJUS) has announced a reduction in gold prices across various categories, effective from Saturday, August 29. The price of 22-carat gold jewellery has been cut by Tk 7,115 per bhori (11.664 grams), bringing the new rate to Tk 240,628, including VAT.

The BAJUS Standing Committee on Pricing and Price Monitoring took the decision at a meeting today, citing a decline in the price of refined gold in the local market. The revised rates were announced in a notice signed by committee chairman Dr Dewan Aminul Islam Shaheen.

Other categories have also seen price reductions, with 21-carat gold falling by Tk 6,823 per bhori to Tk 229,781, and 18-carat gold decreasing by Tk 5,832 to Tk 197,355 per bhori. Gold sold under the traditional system has become cheaper as well, with its price reduced by Tk 4,724 to Tk 161,196 per bhori.