Gold prices go up again in Bangladesh within 10 days

The Bangladesh Jewellers Association (BAJUS) has increased gold prices by Tk 2,192 per bhori, less than 10 days after the last hike just ahead of Eid.

According to a press release issued by BAJUS on Saturday night, the new prices will come into effect from Sunday.

As per the revised rates, the price of 22-carat gold has been set at Tk 174,528 per bhori (11.664 grams).

BAJUS said the price of pure gold in the local market has gone up, prompting the latest price adjustment after reviewing the overall situation.

Following the new pricing structure, the cost of 21-carat gold now stands at Tk 166,597 per bhori, while 18-carat gold will be sold at Tk 142,802 per bhori. Gold made using traditional methods will cost Tk 118,168 per bhori.

Buyers will also have to pay a mandatory 5 percent government-fixed VAT and a minimum 6 percent BAJUS-set making charge along with the selling price.

BAJUS said the making charge may vary depending on the design and quality of jewellery.

On June 5, BAJUS last revised gold prices, increasing them by Tk 2,415 per bhori, setting the rate of 22-carat gold at Tk 172,336 per bhori.