Bangladesh Jeweller’s Association (BAJUS) on Monday raised the gold price in the domestic market by Tk 4,432 per bhori, ending a two-round decline, with 22-carat gold now priced at Tk 2,30,772 per bhori.
In a notice issued on Monday, BAJUS cited a rise in the price of pure gold (tejabi gold) in the local market as the reason behind the upward revision, says UNB report.
According to the new rates, 21-carat gold will be sold at Tk 2,20,391 per bhori, 18-carat at Tk 1,89,248, and traditional-method gold at Tk 1,54,606 per bhori.
BAJUS said the revised price will remain in effect at all jewellery shops across the country until further notice, though applicable making charges will vary by design.
It also clarified that since VAT is already included in the selling price, jewellers cannot charge VAT separately from customers.
Existing BAJUS rules on jewellery exchange and purchase, excluding specific VAT, making charges and gemstones, will remain unchanged. A separate announcement on VAT applicable to silver jewellery will be made shortly.
The latest revision comes just two days after BAJUS cut the price of 22-carat gold by Tk 2,216 to Tk 2,26,340 per bhori on June 20. This is the 79th price adjustment for gold in the domestic market so far this year, with prices raised 40 times, reduced 38 times and VAT-adjusted once.
Meanwhile, silver prices remain unchanged. A bhori of 22-carat silver is currently being sold at Tk 5,249, while 21-carat stands at Tk 5,016, 18-carat at Tk 4,257, and traditional-method silver at Tk 3,208 per bhori.
