Gold prices fall drastically again
Bangladesh Jewelry Association (BAJUS) announces to reduce gold price again in the country.
As per the announced new rate, per bhori (11.666 gm) of 22 karat gold prices is now Tk2 lakh, 20,858.
In this account, the gold ornament’s prices including VAT has been highest reduction is Tk 3, 324 per bhori.
This rate has been implemented from Sunday (25 October), BAJUS said.
Gold prices slashed in Bangladesh
In a circular signed by its chairman Dr Dewan Aminul Islam Shaheen, the Bangladesh Jewellers Association (BAJUS) has decided to slash gold prices.
"The gold prices have been slashed in the local market due to the fall of pure/ Tejabi gold in the world market. The new price will be in force from 10 am today," the circular said.
22 carat gold will now be available at Tk220,858 per bhori (11.664 grams) inclusive of VAT. For 21 carat gold the rate will be Tk210,943 per bhori. 18 carat will be available at Tk181,200 per bhori. Whereas, golds will be sold at traditional rate at Tk148,016 per bhori.
Earlier on October 23, BAJUS had slashed gold prices in the local market. The price was slashed by Tk2,158 per bhori. The price of 22 carat gold was set at Tk224,158 per bhori.
On the other hand, silver prices have been kept unchanged in the local market.
22 carat silver will be available at Tk3,849 per bhori inclusive of VAT. 21 carat will be available at Tk3,674 per bhori while 18 carat will be available at Tk3,149 per bhori. Traditional silver will be sold at Tk2,391 per bhori.
BAJUS said making charges will be applicable according to the design. VAT will now be included in the selling price of gold and silver ornaments.
They added that 12 percent will be deducted for ornaments and 18 percent for purchases. No VAT can be deducted for ornaments and purchases. Making charges and stones will be excluded.
The said selling price will be applicable for all jewellery establishments.