Gold prices have fallen again in Bangladesh’s local market, with the Bangladesh Jewellers Association (Bajus) cutting the price of the best-quality 22-carat gold ornaments by Tk1,108 per bhori, bringing it down to Tk234,038.
The new rate came into effect this (8 September) morning.
Bajus said the price adjustment followed a drop in the price of gold bullion in the local market.
The decision was taken at a meeting of Bajus’s Standing Committee on Pricing and Price Monitoring.
The price of 21-carat gold ornaments was reduced by Tk1,049 per bhori to Tk223,541, while 18-carat gold ornaments now cost Tk191,931 per bhori, down Tk933.
The price of traditional-method (Sanatan) gold ornaments was also cut by Tk700 per bhori, bringing the new price to Tk156,822.
This is the second price cut in a row. Bajus had earlier reduced gold prices on 6 September when the price of 22-carat gold was cut by Tk2,216 per bhori to Tk235,146.
At the time, the price of 21-carat gold was reduced by Tk2,100 to Tk224,590, 18-carat gold by Tk1,750 to Tk192,864, and Sanatan gold by Tk1,458 to Tk157,522.
Taken together, the two rounds of price cuts on 6 September and today (9 September) have brought down the price of 22-carat gold ornaments by a total of Tk3,324 per bhori.
Despite the fall in gold prices, silver prices remain unchanged. The price of 22-carat silver ornaments, including VAT, stands at Tk5,132 per bhori.
The price of 21-carat silver is set at Tk4,957, 18-carat at Tk4,257, and Sanatan silver at Tk3,208 per bhori.
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