The Bangladesh Jeweller’s Association (Bajus) today (25 May) decreased gold price by Tk 1,283 per bhori, followed by a price drop in the local bullion market, fixing good quality 22-carat gold price at Tk 1,17,176per bhori.
Apart from this, the price of 21-carat gold has been set at Tk1,11,846 per bhori, 18-carat gold at Tk95,866 per bhori, and the traditional method price set at Tk79,256.
The new rate will be effective from Sunday (26 May), Bajus said in a press release on Saturday.
However, buyers will have to pay more to purchase gold jewellry, as a 5% VAT is added to the Bajus fixed price. Additionally, a 6% making charge is added per bhori.
The apex body of gold traders has raised the gold price six times and reduced it twice so far in May.