Bangladesh Jewelers Association (BAJWS) has decided to reduce the price of gold by Tk. 1,516 per Tola. The new price will be effective from Friday (October 1).
A statement signed by Bajws president Enamul Haque Khan and general secretary Dilip Kumar Agarwala on Thursday (September 30) 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 slightly lower. Therefore, in order to cut the stagnation of the domestic jewelry market and to take care of the general consumer, according to the decision of the Bangladesh Jewelers Association (BAJWS), the price of gold in the Bangladesh market has been reduced by Tk 1,516 per Tola from October 1.
According to the new price, the price of the best quality or 22 carat per Tola (11.64 grams) of gold has been Tk. 71967. 21 carat per Tola gold Tk. 688618, 18 carat gold per Tola Tk. 60070.
The price of gold of traditional quality per Tola has been reduced to Tk. 49,747.
At present the price of 22 carat per Tola is Tk. 73,483, 21 carat gold is Tk. 70,334 rupees, 18 carat gold per Tola is 61,586 and the traditional quality per Tola is 51,263.
Although the price of gold has come down, the previous price of silver has remained the same. The price of 22 carat silver has been fixed per Tola is at Tk. 1518. The price of 21 carat silver per Tola has been fixed at Tk. 1,435, 18 carat silver is at per Tola Tk 1,225 and per Tola traditional quality of silver at Tk. 933.
Earlier, on August 22, the price of all quality gold was increased by Tk. 1,516 per Tola.
According to Bajws, 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 not able to import gold bars due to the closure of flights on international routes, customs complexities at the import stage (material tax rebates) and various 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.