BanglaPress Desk: The Bangladesh Jewellers Association (BAJUS) has decided to reduce gold prices in the domestic market for the second time. The price of the highest quality gold—22-carat—has been lowered by 2,741 taka per bhori (11.664 grams). Consequently, the price for one bhori of 22-carat gold jewellery, inclusive of VAT, has been set at 224,182 taka.
This price reduction follows a decline in the cost of raw (unprocessed) gold in the local market. The Bangladesh Jewellers Association (BAJUS) stated that the new prices came into effect from 10:00 AM on Wednesday (November 11).
The decision was reached during a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring. This was subsequently announced in a notification signed by the committee's chairman, Dr. Dewan Aminul Islam Shahin. While the price of gold has been reduced, the price of silver remains unchanged.
According to the new price list from BAJUS, the price of 22-carat gold has decreased by 2,741 taka to 224,182 taka per bhori; 21-carat gold has dropped by 2,624 taka to 214,093 taka; 18-carat gold has fallen by 2,216 taka to 183,883 taka; and 'traditional method' (sanatan) gold has seen a reduction of 1,808 taka, bringing its price to 150,232 taka per bhori.
While the price of gold jewellery has been lowered, the price of silver jewellery remains the same. The price for one bhori of 22-carat silver jewellery, including VAT, has been set at 3,499 taka. Additionally, the price for one bhori of 21-carat silver jewellery has been set at 3,383 taka, 18-carat silver jewellery at 2,916 taka, and 'traditional method' silver jewellery at 2,216 taka.
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