Gold prices fell for the 7th time

Bangladesh Jeweller's Association (BAJUS)

In a notable trend, the price of lotus gold in Bangladesh's market has experienced a continual decrease for the seventh consecutive time. Effective from 4 pm today, Tuesday (April 30), good quality gold, specifically 22 carats, will be retailed at a revised price of 1 lakh 11 thousand 41 taka per bar. This adjustment marks a decrease of Tk 420 per bar compared to the previous rate.

The Bangladesh Jewelers Association (BAJUS) conveyed this development through a press release, attributing the decline in gold prices to a reduction in the cost of Tazabi (pure gold) in the local market. Consequently, BAJUS deemed it appropriate to revise the selling price of gold accordingly.

Under the new pricing scheme, the cost of a bar of 21 carat gold has been lowered to 1 lakh 6 thousand 2 taka. Additionally, the price of 18 carat gold has been set at 90 thousand 863 taka, while one load of traditional gold is now priced at 75 thousand 559 taka.

Despite the adjustment in gold rates, the price of silver remains unchanged. Presently, the selling price of 22 carat silver stands at 2 thousand 100 taka, while 21 carat silver is priced at 2,660 taka, and 18 carat silver is available at 1,715 taka per unit. Furthermore, the price of one full rupee of traditional silver has been maintained at 1 thousand 283 taka.

This consecutive decline in gold prices reflects a significant shift in the market dynamics, likely to impact both consumers and traders alike.