After eight consecutive increases, the Bangladesh Jewellers’ Association (BAJUS) has finally cut gold prices in the domestic market.
The association announced on Wednesday night that the price of 22-carat gold has been reduced by Tk 1,470 per bhori (11.664 grams), bringing it down to Tk 1,88,152. The new rates will take effect from Thursday.
BAJUS attributed the adjustment to a decline in the local price of pure gold (tejabi), prompting the revision.
Under the revised tariff, 22-carat gold will cost Tk 1,88,152 per bhori, 21-carat Tk 1,79,602, 18-carat Tk 1,53,941, and traditional gold Tk 1,27,674 per bhori.
The association also mentioned that the selling price of gold will include 5 percent government-fixed VAT and a minimum 6 percent making charge set by BAJUS.
But, the making charges may vary depending on jewellery design and quality.
Earlier, on September 16, BAJUS last revised the gold price upward by Tk 3,675 per bhori, setting the rate of 22-carat gold at Tk 1,89,622 highest in the country’s history till then.
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After eight consecutive increases, the Bangladesh Jewellers’ Association (BAJUS) has finally cut gold prices in the domestic market.
The association announced on Wednesday night that the price of 22-carat gold has been reduced by Tk 1,470 per bhori (11.664 grams), bringing it down to Tk 1,88,152. The new rates will take effect from Thursday.
BAJUS attributed the adjustment to a decline in the local price of pure gold (tejabi), prompting the revision.
Under the revised tariff, 22-carat gold will cost Tk 1,88,152 per bhori, 21-carat Tk 1,79,602, 18-carat Tk 1,53,941, and traditional gold Tk 1,27,674 per bhori.
The association also mentioned that the selling price of gold will include 5 percent government-fixed VAT and a minimum 6 percent making charge set by BAJUS.
But, the making charges may vary depending on jewellery design and quality.
Earlier, on September 16, BAJUS last revised the gold price upward by Tk 3,675 per bhori, setting the rate of 22-carat gold at Tk 1,89,622 highest in the country’s history till then.
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