Within two days, the price of gold in the domestic market has fallen by as much as Tk30,385 per bhori. Due to a decline in the price of pure gold in the international market, the Bangladesh Jewellers Association (Bajus) has revised the prices of gold and silver in the local market.

Most recently, on Friday, prices were reduced by up to Tk14,600 per bhori, and on Saturday, prices were cut further.

According to Bajus, the new prices came into effect from 10am on Saturday. Under the revised rates, the price of 22-carat hallmarked gold has been fixed at Tk255,616 per bhori (11.664 grams).

Previously, on Thursday, the price of 22-carat gold was Tk286,001 per bhori, which was the highest in the country’s history. As a result, the price of gold has dropped by Tk30,385 per bhori within two days.

New gold prices per bhori by carat, 22-carat: Tk255,616, 21-carat: Tk244,010, 18-carat: Tk209,655, Traditional method: Tk171,895

Gold prices per gram, 22-carat: Tk21,915, 21-carat: Tk20,920, 18-carat: Tk17,930, Traditional method: Tk14,735

Bajus stated that due to the fall in international prices of pure gold and silver, and after considering the overall situation, the Bajus Standing Committee on Pricing and Price Monitoring unanimously decided on this price adjustment.

The notification further mentioned that these prices will remain effective at all jewellery establishments across the country until further notice. Additionally, a 5% VAT, as set by the government, must be collected from customers at the time of selling gold and silver and deposited into the government treasury.

The notice was signed by Dr Dewan Aminul Islam Shaheen, Chairman of the Bajus Standing Committee on Pricing and Price Monitoring.