In a significant development, the Bangladesh Jeweller’s Association (Bajus) has announced a substantial reduction in gold prices by Tk1,750 per bhori, effective from Wednesday.
This decision comes in response to a notable downturn in the local market value of pure gold, as detailed in a press release issued by Bajus.
Recent reports indicate a 1.5% reduction in gold rates, plummeting from Tk112,907 per bhori to Tk111,158. This adjustment marks a departure from the record-high price of Tk112,907, underscoring the association’s proactive measures to align with market trends.
Notably, the price of gold breached the Tk100,000 mark for the first time in Bangladesh back in July of the preceding year, signaling a significant shift in market dynamics.
As Bajus implements this substantial price cut, consumers can anticipate favorable conditions for gold acquisition, potentially stimulating increased demand and market activity. Stay tuned for further updates as the gold market continues to evolve.
