The new prices came into effect at 10:00am on Saturday, according to the Bangladesh Jewellers Association (BAJUS). The BAJUS Standing Committee on Pricing and Price Monitoring took the decision at a meeting on Saturday. Committee chairman Dr Dewan Aminul Islam Shaheen signed a notice announcing the revised prices.
The latest reduction came after the price of tezaabi gold fell in the local market. With the latest adjustment, the price of 21-carat gold has been reduced by Tk 1,574 to Tk 2,22,491 per bhori, while 18-carat gold has fallen by Tk 1,342 to Tk 1,91,056 per bhori.
The price of traditional-method gold has been cut by Tk 1,108 to Tk 1,56,064 per bhori. The latest reduction came a week after BAJUS had raised the price of 22-carat gold by Tk 1,691 to Tk 2,34,621 per bhori on September 19.
At the previous rate, 21-carat gold was priced at Tk 2,24,065, 18-carat gold at Tk 1,92,398 and traditional-method gold at Tk 1,57,172 per bhori, including VAT.
BAJUS has also reduced the prices of silver jewellery. The price of 22-carat silver has been cut by Tk 291 to Tk 4,841 per bhori, while 21-carat silver has fallen by Tk 350 to Tk 4,607.
The price of 18-carat silver has been reduced by Tk 291 to Tk 3,966 per bhori, while traditional-method silver has fallen by Tk 175 to Tk 3,033 per bhori.
Financial Mirror/AH
