Gold prices in Bangladesh dropped for the third time in 10 days on Friday following a continuous slide in international bullion markets.
The Bangladesh Jewellers Association (BAJUS) reduced the price of high-quality 22-carat gold by Tk.2,158 to Tk.2,24,182 per bhori (11.664 grams). The new rates took effect nationwide at 10:00 AM on Friday.
With this latest adjustment, 22-carat gold prices have plummeted by Tk.7,115 per bhori over the past 10 days.
According to the updated price list the 22-carat gold is Tk.2,24,182 per bhori (Tk.19,220 per gram, including VAT), 21-carat gold is Tk.2,14,093 per bhori (down by Tk.2,099), 18-carat gold is Tk.1,83,883 per bhori (down by Tk.1,808) and Traditional method Tk.1,50,232 per bhori (down by Tk.1,458).
BAJUS Standing Committee on Pricing Chairman Dewan Aminul Islam Shaheen stated that the local adjustments mirror global market developments. "Our local market relies entirely on international trends. As global rates continue to drop, we are adjusting domestic prices accordingly" he explained. Spot gold fell to $4,012.41 per ounce on Friday afternoon.
In addition to gold, BAJUS revised silver rates downward. Hallmarked 22-carat silver now costs Tk.3,849 per bhori (Tk.330 per gram), marking a Tk.175 reduction.
