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Gold price drops again in Bangladesh
The Bangladesh Jewellers’ Association (BAJUS) has once again reduced the gold price in the local market, cutting Tk 1,039 per bhori with the latest adjustment, the price of 22-carat gold has been set at Tk 207,957 per bhori.
The new rates will come into effect from Monday, according to a BAJUS press release issued Sunday night.
BAJUS said the price was revised following a fall in the rate of pure gold (Tejabi) in the local market.
As per the new rates, the price of 21-carat gold has been fixed at Tk 198,498 per bhori, 18-carat gold at Tk 170,143 per bhori, and traditional gold at Tk 141,496 per bhori.
The association also mentioned that the prices are subject to a 5% government-imposed VAT and a minimum 6% making charge set by BAJUS. However, the final making charge may vary depending on jewellery design and quality.
Earlier, on October 22, BAJUS reduced the price of 22-carat gold by Tk 8,386 per bhori, fixing it at Tk 208,996.
With this latest change, gold prices in the country have been adjusted 68 times so far this year — increased 48 times and decreased 20 times, reports UNB.