22-carat gold price falls Tk 2,741 per bhori

Gold prices have been reduced again in the domestic market following two consecutive hikes. Under a new decision by the Bangladesh Jewellers Association (BAJUS), the price of 22-carat gold has been cut by Tk 2,741 per bhori, including VAT, bringing the new rate to Tk 226,923.

BAJUS announced the revised prices in a statement on Friday (November 6). The new rates came into effect at 10am the same day.

According to BAJUS, the decision was taken at a meeting of its Standing Committee on Price Determination and Price Monitoring at 9am on Friday. Before the latest adjustment, 22-carat gold was priced at Tk 229,664 per bhori.

Under the revised rates, 21-carat gold will cost Tk 216,717 per bhori, while 18-carat gold has been set at Tk 186,099. The price of traditional-method gold has been fixed at Tk 152,040 per bhori.

According to BAJUS, one bhori of gold weighs 11.664 grammes. Although gold prices have been reduced, silver prices remain unchanged.

The current price of 22-carat silver is Tk 3,500 per bhori. The rates for 21-carat, 18-carat and traditional-method silver remain Tk 3,383, Tk 2,916 and Tk 2,216 per bhori, respectively.