The Bangladesh Jewellers Association (BAJUS) has once more lowered the tariff for gold jewelry within the domestic market, decreasing the cost of premium 22-carat gold by BDT 4,374 per bhori.

Pursuant to the updated price schedule, operational beginning at 10 am on Monday, the value of 22-carat gold accessories incorporating value-added tax presently rests at BDT 2,36,254 per bhori.

BAJUS conveyed that the choice to diminish the rate resulted from a drop in the valuation of tejabi (pure) gold across the domestic marketplace.

Concurrently with 22-carat gold, the rate for 21-carat gold items has similarly been trimmed by BDT 4,141 to settle at BDT 2,25,640 per bhori.

Equally, the cost of 18-carat gold ornamentation has been slashed by BDT 3,616 to reach BDT 1,93,739 per bhori, whereas conventional gold accessories currently retail at BDT 1,58,280 per bhori, marking a reduction of BDT 2,916.

This signifies the second price reduction spanning merely a pair of days.

On August 29, BAJUS dropped the price of 22-carat gold by BDT 7,115 per bhori. Factoring in Monday's reduction, the rate of the highest-grade gold has decreased by an aggregate of BDT 11,489 across merely two successive adjustments.

BAJUS has likewise adjusted downward the price of silver accessories.

The VAT-inclusive cost of 22-carat silver ornaments has been decreased by BDT 175 to BDT 5,132 per bhori, whilst 21-carat silver presently sells for BDT 4,957 per bhori, down by BDT 117.

The valuation of 18-carat silver items has been trimmed by BDT 117 to BDT 4,257 per bhori, and traditional silver ornaments now carry a price tag of BDT 3,208 per bhori, reflecting a drop of BDT 116.

All rates established by BAJUS incorporate value-added tax. A single bhori of gold equates to 11.664 grams.