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Gold prices cut again after two consecutive hikes

The Bangladesh Jewellers Association (Bajus) has cut gold prices in the domestic market after two consecutive increases, reducing the price of 22-carat gold by Tk1,691 per bhori to Tk2,32,930, including VAT.

Bajus announced the revised prices in a notice issued this on Sunday. The new rates came into effect at 10am the same day.

According to the notice, the price of pure gold, locally known as tezabi gold, has declined in the local market. Considering the overall market situation, Bajus revised the prices of gold, including VAT.

Under the new rates, a bhori (11.664 grams) of 22-carat gold will cost Tk2,32,930, while 21-carat gold will cost Tk2,22,491 per bhori.

The price of 18-carat gold has been set at Tk1,91,056 per bhori, while traditional-method gold will cost Tk1,56,064 per bhori.

Bajus said the revised prices will remain effective at all jewellery shops until further notice.

Labour charges will apply separately depending on the design of the jewellery.