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Gold Prices Dropped

The gold market in Bangladesh has finally seen a decrease in prices. The new rates have been set, reducing the price by Tk 1,295 per bhori. On Saturday, June 8, the Bangladesh Jewelers Association (BAJUS) announced the new prices in a notice signed by Masudur Rahman, the Chairman of the BAJUS Standing Committee on Pricing and Price Monitoring. The new rates will be effective from Sunday, June 9.

According to the new rates, the price for high-quality (22-carat) gold per bhori will now be Tk 115,882.

The notification signed by Masudur Rahman, chairman of BAJUS Price Determination and Price Monitoring Standing Committee, says the price of acid gold has reduced in the local market. As a result, the new price of gold has been fixed considering the overall situation.

The BAJUS notice stated that the price of refined gold has decreased in the local market. Considering the overall situation, the new gold prices have been determined.

It is worth mentioning that on May 25, the gold price was reduced by Tk 1,283 per bhori, setting the price at Tk 117,177. Before that, the price for one bhori of gold was Tk 118,460.

However, although the price of gold has been reduced, the price of silver has remained unchanged. Currently, the price of 22-carat silver is fixed at Tk 2,100. Besides, the price of 21-carat silver is Tk 2,006, 18-carat is Tk 1,175 and the traditional method is Tk 1,283.

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