Gold prices hold firm following recent BAJUS adjustment

Collected Photo

High-quality 22-karat gold jewellery in the domestic market is currently selling at nearly Tk 2.27 lakh per bhori including value-added tax (VAT), while traditional method gold remains above Tk 1.5 lakh per bhori.

The revised prices, which took effect from 10:00AM on Friday (November 6), remained unchanged on Tuesday (November 10).

Under the current pricing structure, 22-karat gold per bhori (11.664 grams) including VAT stands at Tk 2,26,923. Additionally, 21-karat gold is priced at Tk 2,16,717 per bhori, 18-karat at Tk 1,86,099 per bhori, and traditional method gold at Tk 1,52,040 per bhori.

The Bangladesh Jewellers’ Association (BAJUS) last adjusted gold prices on the morning of November 5, raising the price of 22-karat gold by Tk 5,482 to Tk 2,29,664 per bhori including VAT.

Prior to that, BAJUS hiked prices by Tk 3,324 per bhori on November 4 and by Tk 3,266 per bhori on November 2.

So far this year, BAJUS has adjusted gold prices in the local market 133 times, comprising 65 rate hikes, 67 reductions, and one VAT adjustment.