Gold price up Tk2,216 per bhori, 22-karat rate climbs to Tk2,23,074

The Bangladesh Jewellers' Association (Bajus) on Monday (27 July) raised the price of gold by Tk 2,216 per bhori, setting the new price of 22-karat gold at Tk 223,074 per bhori, including VAT.

In a notice issued Monday (27 July) morning, Bajus said the upward revision was made in view of a rise in the price of pure gold in the local market.

The new rates took effect from 10 am the same day.

Under the revised rates, a bhori (11.664 grams) of 22-karat gold ornaments will now cost Tk 223,074, including VAT.

Keep updated, follow The Business Standard's Google news channel The price of 21-karat gold was raised by Tk 2,100 to Tk 213,043 per bhori, while 18-karat gold went up by Tk 1,750 to Tk 182,950.

The price of traditional gold ornaments was increased by Tk 1,458 to Tk 149,474 per bhori.

Bajus said the new prices will remain effective at all jewellery outlets until further notice, though making charges will continue to vary according to design.

Since VAT is included in the sale price of gold and silver ornaments, it cannot be charged separately from customers.

The organisation's existing rules on ornament exchange and purchase, excluding specified VAT, making charges and stone value, will remain unchanged.

Bajus had last adjusted gold prices on the morning of July 24, when it cut the rate by Tk 3,324 per bhori, bringing the price of 22-karat gold, including VAT, down to Tk 220,858.