Gold price drops by Tk4,374 per bhori in Bangladesh

The Bangladesh Jewellers Association (Bajus) has reduced gold prices by Tk4,374 per bhori, bringing the price of 22-carat gold to Tk228,556, including VAT, effective from 10:00 am on Friday.

Bajus said the price cut was prompted by a decline in the local market price of pure gold and was made after reviewing overall market conditions. Under the revised rates, 21-carat gold now costs Tk218,292 per bhori, 18-carat gold Tk187,440, and traditional-method gold Tk153,148 per bhori.

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The latest revision comes a day after Bajus adjusted gold prices by adding Tk2,508 per bhori in VAT. With the latest change, gold prices have been revised 77 times in Bangladesh so far this year, including 39 increases, 37 decreases, and one VAT adjustment.