Gold prices jump Tk 5,482 per bhori after two straight cuts

 
Bangladesh Jewellers Association (Bajus) on Saturday raised the price of gold in the domestic market by Tk 5,482 per bhori, ending a brief two-round decline and fixed the new retail price of 22-carat gold at Tk 2,28,556 per bhori.
The new price came into effect from 10:00am.

In a Saturday morning circular, Bajus said the revision was made in light of rising prices of pure (tejabi) gold in the local market, according to UNB report. Under the new rates, 21-carat gold has been priced at Tk 2,18,292 per bhori, an increase of Tk 5,249 while 18-carat gold has gone up by Tk 4,490 to Tk 1,87,440 per bhori. Traditional-method (sanatan) gold has been set at Tk 1,53,148 per bhori, up by Tk 3,674.

The new prices will remain in effect at all jewellery establishments across the country until further notice, Bajus said, adding that making charges will apply separately depending on design. As VAT is already included in the selling price, jewellers will not be permitted to collect it additionally from customers.

Bajus also said its earlier rules on jewellery exchange and purchase, excluding specific VAT, making charges and stones will remain unchanged, and a decision on VAT applicable to silver ornaments will be announced shortly.