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Gold prices in Bangladesh have fallen again, with the latest revision taking effect on Wednesday morning.
Under the new rates, the price of 22-carat gold per bhori has been reduced by Tk 3,266, bringing it down to Tk 2,55,558.
The Bangladesh Jewellers Association (BAJUS) announced the update in a press release, stating that the decision was made in response to a decline in the price of tejabi (pure) gold in the local market and after reviewing overall market conditions.
According to the revised rates, 21-carat gold is now Tk 2,43,953 per bhori, 18-carat gold is Tk 2,09,077, and gold produced through the traditional method is Tk 1,71,111.
Buyers will also have to pay an additional 5 percent government-set VAT and a minimum 6 percent making charge fixed by BAJUS, although making charges may vary depending on the design and quality of the jewellery.
Gold prices were last adjusted on Tuesday morning, when 22-carat gold was priced at Tk 2,58,824 per bhori, meaning the latest reduction amounts to Tk 3,266 in just one day.
