Gold price goes high

Economy

04 July, 2019, 02:25 pm
Last modified: 04 July, 2019, 02:35 pm
Gold price will cross Tk 52,000 mark once again when the new rate becomes effective on Thursday.

Price of this luxury good will cross Tk 52,000 mark once again.

In tune with the international market, jewellery-makers raised the price of gold by Tk2,041 per bhori – 11.664 grams – on Wednesday.

Gold price will cross Tk 52,000 mark once again when the new rate becomes effective on Thursday.

“Gold rates on the international market is now record high,” said Bangladesh Jewellers Samity (BAJUS), gold traders’ association, “compared to the last few years.”

Consumers will have to pay Tk52,196 for per bhori of 22-carat gold. They will have to pay Tk49,864 and Tk 44,848 for per bhori of 21-carat and 18-carat, respectively, according to the BAJUS’s adjusted price.

The gold traders’ association dropped gold price by Tk1,166 per bhori, on June 18 this year, earlier.

Cost of ornament-making and VAT, to the set price, will remain unchanged, said jewellery makers.

The amount of pure gold in an ornament is 91.6 percent for 22-carat, 87.5 percent for 21-carat and 75 percent for 18-carat, separately.

 

 

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.