The market valuation of gold within Bangladesh has experienced another downward adjustment, with the cost of 22-carat gold slashed by BDT 2,216 per bhori, bringing it down to BDT 2,35,146.

The Bangladesh Jeweller’s Association (BAJUS) communicated on Sunday that the revised rates took effect from 10 am.

The determination was adopted owing to a decline in the domestic market price of refined Tejabi gold, the organization stated.

The price reduction received formal endorsement during a session convened by the BAJUS Standing Committee on Pricing and Price Monitoring.

Under the updated tariff, a single bhori of 22-carat gold ornamentation will currently require an expenditure of BDT 2,35,146, inclusive of value-added tax.

The rate for 21-carat gold has been lowered by BDT 2,100 to settle at BDT 2,24,590 per bhori, whereas 18-carat gold has decreased by BDT 1,750 to rest at BDT 1,92,864.

The cost of gold evaluated via the traditional production method has similarly dropped by BDT 1,458, reaching BDT 1,57,522 per bhori.

Previously on September 3, BAJUS had elevated the price of 22-carat gold by BDT 5,482 to establish it at BDT 2,37,362 per bhori.

Prior to that upward revision, bullion rates had been marked down on three consecutive occasions spanning August 29, August 31, and September 2.

Notwithstanding the reductions applied to gold tariffs, silver pricing structures have maintained absolute stability without alteration.

Presently, one bhori of 22-carat silver ornaments is valued at BDT 5,132, inclusive of VAT.

The prevailing tariffs for 21-carat, 18-carat, and traditional-method silver persist at BDT 4,957, BDT 4,257, and BDT 3,208 per bhori respectively.