• Financial

The price of gold is 1516 taka

  • Financial
  • 05 October, 2021 09:40:21

Photo: Collected

News Desk: Bangladesh Jewelers Association (BAJUS) has decided to reduce the price of gold by Tk 1,517 per fill. The new price will be effective from Friday (October 1).

A statement signed by Bajus president Enamul Haque Khan and general secretary Dilip Kumar Agarwala on Thursday (September 30th) said:

The statement said that despite the complex equations of the Corona-era world economy, the price of gold in the international gold market is somewhat lower. Therefore, in order to cut the stagnation of the domestic jewelery market and to take care of the general consumer, according to the decision of the Bangladesh Jewelers Association (BAJUS), the price of gold in the Bangladesh market was reduced by Tk 1,517 per ounce from October 1.
According to the new price, the price of the best quality or 22 carat bhari (11.64 grams) of gold has been 71 thousand 97 rupees. The price of 21 carat bhari is 7,618 rupees and 18 carat bhari is 70,060 rupees.

The price of heavy gold has been reduced to Tk 49,748 per traditional method.

At present, the price per 22 carat weight is 63,463 rupees, 21 carat weight is 70,334 rupees, 18 carat weight is 61,057 rupees and the traditional method is 51,273 rupees.

Although the price of gold has come down, the previous price of silver has remained the same. The price of 22 carat heavy silver has been fixed at one thousand 518 rupees. The price of 21 carat silver has been fixed at Tk 1,435, 18 carat silver at Tk 1,225 and traditional method of silver at Tk 933.

Earlier, on August 22, the price of all quality gold was increased by Tk 1,516.

According to Bajus, the reason for the increase in the price of gold at that time was the rise in the price of gold in the world market in the midst of various complex equations of the Corona-era world economy. At the same time, gold dealers are unable to import gold bars due to the closure of flights on international routes, customs complications at the import stage (materials tax rebates) and various other bureaucratic complications. Moreover, the price of gold has also gone up in the domestic bullion / poddar market due to low supply against demand. Therefore, considering the overall situation, it has been decided to increase the price of gold.

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