Gold prices fall again: What is new price per bhori?

Gold prices have fallen in the domestic market after rising in two consecutive phases, with the Bangladesh Jewellers Association (BAJUS) lowering the price of 22-carat gold by Tk2,216 per bhori.

As per today’s gold price update, the price of one bhori (11.664 grams) of 22-carat gold, including VAT, has been set at Tk220,858.

BAJUS announced the new prices in a statement on Tuesday (28 July) morning, saying the rates came into effect from 10am the same day.

According to the association, the price adjustment was made following a decline in the local market price of pure gold (acid gold).

Under the new pricing structure, a bhori of 21-carat gold will cost Tk210,943, while 18-carat gold has been priced at Tk181,215 per bhori. Gold produced under the traditional method will be sold at Tk148,015 per bhori.

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BAJUS said the revised rates will remain in effect at all jewellery outlets until further notice. However, making charges will continue to vary depending on the design of the jewellery.

The association also clarified that VAT is already included in the retail price of gold ornaments and therefore cannot be charged separately from customers. Existing rules regarding the exchange and purchase of jewellery, excluding specified VAT, labour charges and the value of stones, will remain unchanged.