Gold, silver prices fall in Bangladesh

The price of gold has dropped in Bangladesh barely 15 days after it rose. Bangladesh Jewellers Association (BAJUS) in a statement to the media on Tuesday said the drop in gold price by Tk1,050 per bhori (11.664 grams) followed the global fall in price of the yellow metal. The price was raised by Tk1,516 per bhori on August 22. A bhori of gold was being sold at Tk43,273 as per that price until Tuesday. Gold of 22-carat will be sold at Tk42,223 per bhori from Wednesday (September 9) in line with the revised price. The price of 21-carat gold will be Tk40,124, instead of Tk41,173. The price of 18-carat gold has been reduced from Tk34,525 to Tk33,475. For gold calculated on traditional method, customers will have to pay Tk22,569. Earlier, the price was Tk23,094. Price of silver has also fallen. The merchants will charge Tk933 for a bhori of 21-carat silver. According to international standard, there is 91.6 per cent pure gold in 22-carat gold, 87.5 per cent in 21-carat, and 75 per cent in 18-carat.
 
In the traditional method, gold is acquired from old ornaments. There is no standard of purity in this method, according to bdnews24.com.
- biplab