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Gold price drops Tk 1,470 after 8 straight hikes
After raising gold prices eight times in a row, Bangladesh Jewellers’ Association (BAJUS) has finally reduced the price of the precious metal in the domestic market.
The association announced on Wednesday night that the price of 22-carat gold has been slashed by Tk 1,470 per bhori (11.664 grams), bringing it down to Tk 1,88,152.
The revised rates will come into effect from Thursday.
According to BAJUS, the price of pure gold (tejabi) has dropped in the local market, prompting the fresh adjustment.
As per the new tariff, the price of 22-carat gold will stand at Tk 1,88,152 per bhori, 21-carat at Tk 1,79,602, 18-carat at Tk 1,53,941, while traditional gold will cost Tk 1,27,674 per bhori.
Gold price hits record high in Bangladesh again
The association also mentioned that the selling price of gold will include 5 percent government-fixed VAT and a minimum 6 percent making charge set by BAJUS.
But, the making charges may vary depending on jewellery design and quality.
Earlier, on September 16, BAJUS last revised the gold price upward by Tk 3,675 per bhori, setting the rate of 22-carat gold at Tk 1,89,622 highest in the country’s history till then, reports UNB.