Bangladeshis gold merchants have revised down the price, cutting it by over Tk 1,100 per Bhori (11.664 gram) for all varieties of the yellow metal.
Bangladesh Jewellers’ Association President Gangacharan Malakar said that it was refixed as the price of the precious metal has dropped in the international market.
“Gold is the only commodity in this country, which is priced in line with the international market. We have revised down prices twice earlier this year,” he told Bangla Tribune.
From Friday (Jul 20), the best quality 22-carat gold would be sold at Tk 48,638 per Bhori, the Association said in a statement.
The new gold prices per Bhori are as follows:
22-carat Tk 48,638
21-carat Tk 46,364
18-carat Tk 41, 230
Traditional gold Tk 27,585