Bajus cuts gold prices a day after hike

In a notice issued in the morning, Bajus said the price of 22-carat gold has been cut by Tk 2,216 per bhori, bringing the new price, inclusive of VAT, to Tk 2,20,858.

The revised rates came into effect from 10am.

According to the new price chart, 21-carat gold will now cost Tk 2,10,943 per bhori, down by Tk 2,100, while 18-carat gold has been reduced by Tk 1,750 to Tk 1,81,200 per bhori. The price of traditional (Sanatan) gold has been cut by Tk 1,458 to Tk 1,48,016 per bhori, the notice added.

Bajus said the new prices will remain effective at all jewellery establishments until further notice, though making charges will vary depending on the design of the ornament.

Since VAT is included in the selling price of gold and silver ornaments, customers cannot be charged VAT separately, it said.

The organisation also noted that its existing rules on making charges, VAT and stone deductions will remain unchanged for the exchange and purchase of ornaments.

On Monday, Bajus raised the price of 22-carat gold by Tk 2,216 per bhori, setting it at Tk 2,23,074, inclusive of VAT.

Silver prices were also revised downward alongside gold. The price of 22-carat silver ornaments was cut by Tk 59 to Tk 4,607 per bhori.

Similarly, 21-carat silver was reduced by Tk 175 to Tk 4,374, 18-carat silver by Tk 116 to Tk 3,791, and traditional silver by Tk 116 to Tk 2,858 per bhori, reports UNB.