The Bangladesh Jewellers’ Association (BAJUS) has slashed gold prices in the domestic market for the second consecutive phase, reducing the price of high-quality 22-carat gold by Tk 2,741 per bhori (11.664 grams).
Including Value Added Tax (VAT), the revised price of top-grade 22-carat gold jewelry stands at Tk 2,24,182 per bhori.
The new rates came into effect at 10:00AM on Wednesday (November 11), following a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring. The decision was formally announced through a press release signed by committee Chairman Dr Dewan Aminul Islam Shahin.
According to the association, the price adjustment follows a decrease in the price of pure gold (tejabi gold) in the local market. With the latest reduction, gold prices have plummeted by a cumulative Tk 5,482 per bhori across two successive cuts, following three consecutive price hikes earlier this month.
Under the updated BAJUS price schedule, 21-carat gold has been reduced by Tk 2,624 to Tk 2,14,093 per bhori, 18-carat gold by Tk 2,216 to Tk 1,83,883 per bhori, and traditional method gold by Tk 1,808 to Tk 1,50,232 per bhori, inclusive of VAT.
Meanwhile, silver prices remain unchanged. Including VAT, the price of 22-carat silver stands at Tk 3,499 per bhori, 21-carat silver at Tk 3,383 per bhori, 18-carat silver at Tk 2,916 per bhori, and traditional method silver at Tk 2,216 per bhori.
-EM