Gold price falls by Tk 5,482 per bhori

Gold prices have been reduced in Bangladesh for the second consecutive day. The Bangladesh Jewellers Association (BAJUS) has cut the price of 22-carat gold by Tk 5,482 per bhori. Prices of other grades of gold and silver have also been lowered.

BAJUS announced the revised price list in a notice on Saturday (October 31). The new rates came into effect at 10:00am.

According to BAJUS, the decision was taken at a meeting of its Standing Committee on Pricing and Price Monitoring at 9:00am on Saturday after reviewing the market situation.

Under the new rates, the price of 22-carat gold has been set at Tk 217,592 per bhori (11.664 grams), down from Tk 223,074 on Friday.

The price of 21-carat gold has been fixed at Tk 207,794 per bhori, while 18-carat gold will sell at Tk 178,459. The price of gold under the traditional method has been set at Tk 145,800 per bhori.

Silver prices have also been reduced. Under the revised list, 22-carat silver will cost Tk 3,500 per bhori. The price of 21-carat silver has been set at Tk 3,383, while 18-carat silver will cost Tk 2,916. Silver produced under the traditional method will sell at Tk 2,216 per bhori.

BAJUS determines gold and silver prices in the domestic market, adjusting rates in line with international market trends.