Bangladesh Jeweller Association Lowers Gold and Silver Prices

The Bangladesh Jeweller Association, commonly known as Bajus, has officially implemented a price reduction for gold and silver across the domestic market in Bangladesh. According to the official announcement issued by the organization, the new pricing structure officially took effect starting from August 31. This adjustment introduces lower rates for various categories of both precious metals, impacting consumers and retailers alike throughout the country.

Under the newly revised rates announced by Bajus, the highest quality available in the market—specifically 22-carat gold jewellery—is now priced at 2,36,254 Bangladeshi Taka per bhori, inclusive of applicable value-added tax. This premium category represents the most sought-after standard for fine jewellery purchases within the nation's domestic retail sector, reflecting the updated market valuation set by the association's pricing committee.

In addition to the finest grade, the association has detailed specific price points for other standard purities of gold currently circulating in the local market. Consumers purchasing 21-carat gold jewellery will now pay 2,25,640 Taka per bhori, while 18-carat gold jewellery has been adjusted to 1,93,739 Taka per bhori. Furthermore, traditional method gold is presently being sold at 1,58,280 Taka per bhori across authorized retail establishments.

Alongside the modifications made to gold rates, Bajus has also updated the domestic market prices for silver across multiple grades of purity. For 22-carat silver jewellery, the new rate stands at 5,132 Taka per bhori, while 21-carat silver is priced at 4,957 Taka per bhori. Additionally, 18-carat silver has been set at 4,257 Taka per bhori, and traditional method silver is currently retailing at 3,208 Taka per bhori.

The comprehensive market revision encompasses a reduction in overall costs, with specific precious metal categories seeing prices decreased by 4,000 Taka as part of the broader economic adjustment. These changes reflect the ongoing assessments conducted by the Bangladesh Jeweller Association to align domestic retail figures with prevailing market conditions for gold and silver inside the country.