Gold Price Slashed by Tk4,374 in Bangladesh Market

The Bangladesh Jewellers Association (Bajus) has cut the price of gold in the local market for the 110th time this year, reducing it by Tk4,374 per bhori. This brings the new price of 22-carat gold, including VAT, to Tk2,31,880 per bhori, effective from 10am on September 2.

According to a Bajus notice, the fresh pricing was set in view of a fall in the price of pure gold in the local market. Under the new rates, 21-carat gold will cost Tk2,21,441 per bhori, 18-carat gold Tk1,90,123 per bhori, and traditional (Sanatan) gold Tk1,55,306 per bhori, all inclusive of VAT.

Bajus said the new prices will remain effective at all jewellery shops until further notice, though making charges will apply depending on ornament design. The trade body also clarified that VAT is already included in the sale price of gold and silver ornaments, so jewellers cannot charge it separately from customers.