Gold prices are declining
Bangladesh Jewelers Association (BZU) has decided to reduce the price of gold by distributing gold at the market in the country due to the reduced price in the world market. The new rates of gold will be effective from all over the country on Monday.
Jewelers Association General Secretary Dilip Kumar Agarwala signed a press release on Monday to explain the issue of gold. With the reduction of the bid, every spell from tomorrow (11.664 grams), 22 carat gold of 50 thousand 972 rupees, 21 carats 48 thousand 697 rupees and 18-carat gold will be sold at 43 thousand 623. And the traditional method of gold will stand up to 26 thousand 419 rupees. Today, 22 carat gold per day, 52 thousand and 255 rupees per day, 21 carats 49 thousand 922 rupees, 18 carats 44 thousand 673 rupees and golden variants of traditional method are sold at 27 thousand 410 takas.
For every revision, the cost of 22 carat gold per month is Tk 1,283, 21 carats by Taka 1,225, 18 carats for Tk 1,50 and gold of traditional method is reduced by 991 rupees. But silver prices remain unchanged. Every rupee silver is sold at Tk. 1,550.
Many jewelry traders said that 91 percent of 22 carats per year, 87 percent in 21 carats and 75 percent pure gold in 18 carats. Wages and Value Added Tax (VAT) will be added to the gold price to make ornaments.