TDS Desk:

Barely 24 hours after raising prices by over Tk 8,000 per bhori, the Bangladesh Jewellers Association (BAJUS) has announced a reduction in gold prices once again.

In a new decision, BAJUS has lowered the price of 22-carat gold by Tk 2,613 per bhori, setting the new rate at Tk 200,296 per bhori, effective from Friday.

The association, in a statement, said that the price of pure gold (tejabi) has fallen in the local market, prompting the latest price adjustment.

According to the new rate, the price of 21-carat gold will be Tk 190,998 per bhori, 18-carat gold Tk 163,716, and traditional method gold Tk 136,014 per bhori.

BAJUS also noted that the government-fixed 5 percent VAT and a minimum making charge of 6 percent must be added to the selling price of gold ornaments. However, the making charge may vary depending on design and quality.

Earlier, on October 29, BAJUS adjusted the gold price, increasing the rate of 22-carat gold by Tk 8,900 per bhori to Tk 202,709. On October 22, the price had reached a record high of Tk 217,000 per bhori, the highest in Bangladesh’s history.

After four consecutive reductions, the price dropped to Tk 194,000 before rising again above Tk 200,000 per bhori.

With this, the association has adjusted gold prices 72 times so far this year, increasing rates 49 times and reducing them 23 times.

In 2024, the price was revised 62 times, with 35 hikes and 27 cuts.

Meanwhile, silver prices remain unchanged. The price of 22-carat silver is Tk 4,246 per bhori, 21-carat Tk 4,047, 18-carat Tk 3,476, and traditional method silver Tk 2,601 per bhori.

So far this year, silver prices have been revised nine times — increased six times and decreased three times. Last year, the rate was adjusted three times.