The price of the highest quality 22-carat gold in Bangladesh has increased by Tk 2,088 per bhori (11.664 grams), bringing the new price to Tk 140,586.
This new rate will be effective from December 19, according to a notice issued by the Bangladesh Jewellers Association (BAJUS) on Wednesday.
The notice stated that the price of pure gold in the local market has risen, prompting the revision of the gold prices based on the current market situation.
According to the new prices, the cost of 21-carat gold per bhori has been set at Tk 134,194, while the price of 18-carat gold per bhori will be Tk 115,030, and the price of traditional gold per bhori will be Tk 94,478.
BAJUS also mentioned that a mandatory 5% VAT imposed by the government and a minimum wage of 6%, as set by BAJUS, will be added to the sales price of gold. However, the labor charge may vary depending on the design and quality of the jewelry.
Notably, the gold price has been adjusted 60 times in the country this year, with 35 price hikes and 25 reductions.
