Gold prices go down

The price of gold has been reduced in the domestic market.

The price of the highest quality gold of 22-carat, has been lowered by Tk 1,038 per bhori (11.664 grams), bringing the new price to Tk 1,50,862.

Masudur Rahman, Chairman of the Price Determination and Monitoring Committee of the Bangladesh Jewelers Association (BAJUS), made the announcement through a press release on Saturday (March 8).

The new prices will be effective from Sunday (March 9).

According to the new prices, the cost of 21-carat gold per bhori is set at Tk 1,44,004, 18-carat gold at Tk 1,23,428 per bhori, and traditional gold at Tk 101,641 per bhori.

While the price of gold has decreased, the price of silver in the domestic market remains unchanged. The price of 22-carat silver is Tk 2,578 per bhori.

Earlier, on February 23, February 27, and March 1, gold prices were reduced. However, on March 5, an announcement was made to increase gold prices.

This marks the 13th adjustment in the price of gold in the domestic market this year, with prices being raised 9 times and reduced only 4 times.