Gold prices fall for fifth consecutive time in Bangladesh

Gold prices in Bangladesh have been reduced for the fifth consecutive time, with the Bangladesh Jewellers Association (BAJUS) cutting the price of 22-carat gold by Tk 2,216 per bhori to Tk 217,591.

With the latest reduction, gold prices have fallen by a total of Tk 12,071 per bhori in five successive adjustments.

BAJUS announced the revised prices in a notice on Saturday morning (November 14). The new rates came into effect at 10:00 am the same day. The association had also announced a price reduction on Friday.

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

In its notice, BAJUS said making charges for gold jewellery would apply depending on the design and type of the ornaments. As value-added tax (VAT) is included in the selling price of jewellery, sellers cannot charge VAT separately from customers. The same rules will apply to the exchange and purchase of gold and silver jewellery.

BAJUS said the newly announced prices would remain effective at all jewellery shops across the country until further notice.