Jewellers have lowered the price of gold by Tk 1,050 to Tk 2,11,095 per bhori (11.664 grammes) as the price of pure gold has dropped in the local market.
The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting held on Tuesday.
This fresh cut came after the association on Monday increased the price of the precious yellow metal by Tk 1,575 to Tk 2,12,145 per bhori.
On 20 October, the price of gold reached an all-time high in the country at Tk 2,17,382 per bhori.
As per the new decision, the price of 22-carat gold will now be Tk 18,098 per gramme, and 21-carat Tk 17,275 per gramme, read a press release signed by the committee chairman, Masudur Rahman.
The price of 18-carat gold has been fixed at Tk 14,807 a gramme, while that of traditional gold at Tk 12,319 per gramme.
New tariffs would come into effect on Wednesday, read the release.
Prices of silver, however, have remained unchanged.
The price of 22-carat silver is now Tk 364 per gramme, 21-carat Tk 347, 18-carat Tk 298, and traditional one is Tk 223 per gramme.
Buyers will also have to pay an additional 5% VAT set by the government, along with a minimum 6% making charge fixed by BAJUS. The making charge may vary depending on design and quality, the release added.
