Gold prices have fallen for the third time in 10 days, with the Bangladesh Jewellers Association (BAJUS) cutting the price of 22-carat gold by Tk 2,158 to Tk 224,182 a Bhori.
The new rates took effect nationwide at on Friday, with prices of other gold grades and silver also reduced.The latest cut brings the total decline in 22-carat gold prices to Tk 7,115 a Bhori over 10 days.
On Thursday, BAJUS cut the price of 22-carat gold by Tk 1,691 a Bhori. It had previously reduced the price by Tk 3,266 on Oct 13, following an increase of Tk 2,216 on Oct 9.
Under the new rates, hallmarked 22-carat gold costs Tk 19,220 a gram, including VAT. With one Bhori equivalent to 11.664g, the price comes to approximately Tk 224,182.
A Bhori of 21-carat gold now costs Tk 214,093, while 18-carat gold is priced at Tk 183,883 and traditional-method gold at Tk 150,232.
Before the latest adjustment, 22-carat gold cost Tk 226,340 a Bhori, 21-carat Tk 216,192, 18-carat Tk 185,691 and traditional-method gold Tk 151,690.
The reductions amount to Tk 2,099 for 21-carat gold, Tk 1,808 for 18-carat gold and Tk 1,458 for traditional-method gold.
In a statement, BAJUS said the price of Tejabi (pure) gold had fallen in the local market, prompting the latest adjustment after a review of overall market conditions.
BAJUS has also lowered silver prices.Hallmarked 22-carat silver now costs Tk 330 a gram, or Tk 3,849 a Bhori, down Tk 175 from Tk 4,024.Prices of other silver grades have also been reduced.