Bangladesh Jewellers Association Slashes Gold Price by BDT 2,216 Per Bhori

The Bangladesh Jewellers Association (BAJUS) has reduced gold prices in the country by BDT 2,216 per bhori. The new price for 22-carat gold is set at BDT 228,556, inclusive of Value Added Tax (VAT). This reduction follows a decrease in the cost of pure gold within the local market.

According to an official notification issued by BAJUS on Tuesday, the revised rates became effective at 10 am on the same day. The recalibrated prices for various types of gold and silver are as follows: 22-carat gold at BDT 228,556 per bhori (11.664 grams), 21-carat gold at BDT 218,292, 18-carat gold at BDT 187,440, traditional-method gold at BDT 153,148 per bhori, all inclusive of VAT.

BAJUS has also marked down silver prices by BDT 175 per bhori. The new rate for 22-carat silver is set at BDT 4,316, inclusive of VAT. Under the updated silver schedule, 21-carat silver now costs BDT 4,141 per bhori, 18-carat silver is set at BDT 3,558, and traditional-method silver stands at BDT 2,683.

The latest rate reduction comes shortly after a previous adjustment on September 28, when BAJUS trimmed the price of 22-carat gold by BDT 2,158 per bhori to BDT 230,772, including VAT. With this latest update, local gold bullion prices have undergone 119 revisions so far this year, comprising 58 upward revisions and 60 reductions.