The Bangladesh Jewellers Association (BAJUS) on Tuesday cut the price of gold for the second time in 24 hours, slashing the rate of 22-karat gold by Tk 2,158 per bhori to set the new price at Tk 219,808, inclusive of VAT, reports UNB.
In a notice issued in the morning, BAJUS said the fresh price cut reflects a decline in the price of pure gold in the local market. The revised rates came into effect from 10 am on Tuesday.
According to the new pricing, each bhori (11.664 grams) of 21-karat gold will now cost Tk 209,894, while 18-karat gold has been priced at Tk 180,267 per bhori. Traditional gold will sell at Tk 147,316 per bhori.
BAJUS said the new prices will remain in effect until further notice. Since VAT is already included in the sale price of gold and silver ornaments, jewellers cannot charge VAT separately from customers.
The association's existing rules for ornament exchange and purchase excluding specified VAT, making charges and stone costs will remain unchanged.
Silver prices, meanwhile, remained unchanged. Each bhori of 22-karat silver is currently selling at Tk 4,607, while 21-karat, 18-karat and traditional silver are priced at Tk 4,374, Tk 3,791 and Tk 2,858 per bhori, respectively.
Silver prices have been adjusted 56 times so far this year, with 28 increases and 28 decreases.
