Duty decreased but gold price hiked
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
THURSDAY, MAY 26, 2022
THURSDAY, MAY 26, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Duty decreased but gold price hiked

Economy

TBS Report
14 June, 2019, 07:35 pm
Last modified: 14 June, 2019, 07:35 pm

Related News

  • How much is the government going to spend on health care?
  • TIB bemoans black money whitening offer in proposed budget
  • Call rate won’t increase much: NBR chairman
  • Social safety net budget praiseworthy, but inadequate
  • People face double whammy of budget, gas price hike

Duty decreased but gold price hiked

The impact of the proposed budget on gold market will be in effect later

TBS Report
14 June, 2019, 07:35 pm
Country's first Gold Fair begins June 23
Photo: Collected

The price of gold has increased by Tk1,167 per bhori on Bangladesh market from Friday despite reduction of duty by Tk1,000 in the proposed budget. 

As a result, the price of 22 carat gold has increased to Tk51,322. The renewed prices of 21 carat and 18 carat gold are Tk48,949 and Tk3,973 per bhori. 

When asked about the price hike despite duty reduction, Dilip Kumar Agarwal, the general secretary of Bangladesh Jewelry Samity (Bajus), said the price has increased by $120 per ounce on international market in the last 30 days. 

“As the local gold market is also dependent on the international market, we are bound to increase the price,” he said.

The impact of the proposed budget on gold market will be in effect later, he added.

Bajus announced the decision of the price hike through a statement Thursday night. It asked jewelry traders to sell gold as per the fixed price until any new decision is made. 

The price of silver will remain unchanged.
 

Top News

Budget 2019-20

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Bloomberg
    Bigger food crisis can be averted if Asia remembers not to panic
  • One exchange rate for all to ease dollar volatility
    One exchange rate for all to ease dollar volatility
  • Tax amnesty, relaxed remittance rules to bring back laundered money: Kamal
    Tax amnesty, relaxed remittance rules to bring back laundered money: Kamal

MOST VIEWED

  • Representational image. Picture: Pixabay
    Govt raises regulatory duty to discourage imports of 130 products
  • Representational Image. Photo: Mumit M/TBS
    Govt to list products to suspend imports amid dollar crisis
  • BPC hunts for dollar to import fuel oil
    BPC hunts for dollar to import fuel oil
  • British International Investment (BII) CEO Nick O’Donohoe. Illustration: TBS
    BII to invest $450m in Bangladesh in 5 years
  • Bangladesh may face debt distress from 2032: Economic Association  
    Bangladesh may face debt distress from 2032: Economic Association  
  • Inflation jumps to 6.29% in April
    Inflation jumps to 6.29% in April

Related News

  • How much is the government going to spend on health care?
  • TIB bemoans black money whitening offer in proposed budget
  • Call rate won’t increase much: NBR chairman
  • Social safety net budget praiseworthy, but inadequate
  • People face double whammy of budget, gas price hike

Features

Photo caption: Business models are already being hit by climate risk. It is the function of regulators to force banks to pay attention to the future risks to businesses. Photo: Bloomberg

HSBC and its discordant climate songbook

6h | Panorama
Illustration: TBS

Should Belayets be allowed to return to school at 55?

10h | Pursuit
Impact Hub Dhaka is designed to cater to connectivity, offering lots of communal areas where you can chat over coffee, watch a webinar as a group or even host events. Photo: Courtesy

Inside Impact Hub: The surprising benefits of working in a co-working space

11h | Pursuit
Pacific Jeans uses sustainable technology in washing and finishing, and now has the facility to wash with zero water. Photo: Courtesy

How big dreams and smart investment made Pacific Jeans a denim exporting giant 

12h | Panorama

More Videos from TBS

5 latest exciting movies

5 latest exciting movies

4h | Videos
Why is Thanda Garam's juice so popular?

Why is Thanda Garam's juice so popular?

10h | Videos
Tea tales at TSC

Tea tales at TSC

11h | Videos
What journalism students want to know

What journalism students want to know

12h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

3
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

4
Photo: Courtesy
Panorama

Misfit Technologies: A Singaporean startup rooted firmly in Bangladesh

5
Illustration: TBS
Banking

Let taka slide

6
Photo: Collected
Industry

Spanish recycled cotton producer opens new facility in Bangladesh

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab