Gold Market
Gold price hits record high in Bangladesh
The price of gold has soared to a historic high in Bangladesh, with Bangladesh Jewellers Association (BAJUS) raising the rate of 22-carat gold by Tk 3044 per bhori (11.664 grams) to Tk 178832.
BAJUS announced the new rate in a statement on Wednesday night, saying it will come into effect from Thursday.
According to the notification, the price of acid gold (pure gold) has increased in the local market.
Considering the overall situation, the association has fixed the revised price.
As per the new rates, the price of 21-carat gold has been set at Tk 170,703 per bhori, 18-carat at Tk 146,313, and traditional gold at Tk 121,166 per bhori.
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BAJUS also mentioned that the selling price of gold will include 5 percent VAT as fixed by the government and a minimum wage of 6 percent set by it, though making charges may vary depending on design and quality.
Earlier, on September 1, BAJUS last adjusted the prices, hiking the rate of 22-carat gold by Tk 1470 to Tk 175788 per bhori.
3 months ago
Gold price rises by Tk 1470 per bhori
The price of gold has been increased again in the domestic market, with Bangladesh Jewellers Association (BAJUS) hiking the rate by Tk 1470 per bhori (11.664 grams).
With the latest adjustment, the price of 22-carat gold has been fixed at Tk 175788 per bhori, effective from Tuesday, according to a BAJUS press release issued on Monday night.
The association said the hike was necessary as the price of pure gold (tejobi gold) has gone up in the local market.
As per the new rate, 21-carat gold will cost Tk 167798 per bhori, 18-carat Tk 143829, while the traditional method gold has been priced at Tk 119043 per bhori.
BAJUS further noted that buyers will have to pay an additional 5% VAT fixed by the government, along with a minimum making charge of 6% set by the association.
Gold price increased by Tk 1,050 per bhori
The making cost may vary depending on the design and quality of the ornaments.
Earlier, on August 30, BAJUS last revised the prices, raising the rate of 22-carat gold by Tk 1667 per bhori to Tk 174318.
3 months ago