Dhaka:Gold prices have been reduced in the domestic market by the Bangladesh Jewellers Association (BAJUS), with the price of 22-carat gold falling by Tk 3,266 per bhori, now costing Tk 228,031.
According to United News of Bangladesh, the new prices came into effect at 10 am on Tuesday, following a decline in the local market price of pure (tejabi) gold. The decision was made during a meeting of BAJUS's Standing Committee on Pricing and Price Monitoring.
With the revised pricing, 21-carat gold is now priced at Tk 217,767 per bhori, a decrease of Tk 3,149. Additionally, 18-carat gold has been reduced by Tk 2,683 to Tk 187,032, and gold produced by the traditional method is now Tk 152,798 per bhori, a reduction of Tk 2,158.
BAJUS had previously raised gold prices on October 9, when the price of 22-carat gold increased by Tk 2,216 to Tk 231,297 per bhori. The current price reduction comes just four days after that increase. In the earlier adjustment, 21-carat gold was priced at Tk 220,916 per bhori, 18-carat at Tk 189,715, and traditional-method gold at Tk 154,956.
Alongside gold, BAJUS has also reduced silver ornament prices. The price of 22-carat silver is now Tk 4,199 per bhori, down by Tk 117. The cost of 21-carat silver has been decreased by Tk 175 to Tk 4,966 per bhori, and 18-carat silver is now Tk 3,441, a reduction of Tk 117. Silver made using the traditional method is priced at Tk 2,624 per bhori, reflecting a Tk 59 decrease.