United News of Bangladesh

After four consecutive hikes, the price of 22-carat gold has decreased by Tk 1,668 per bhori, as announced by the Bangladesh Jewellers Association (BAJUS). The new rates, set by BAJUS, will come into effect across the country from Wednesday. In a press release issued on Tuesday night, BAJUS said the price of 22-carat gold per bhori (11.664 grams) has been revised to Tk 1,72,860. The association said the price adjustment comes in response to a drop in the local market rate of pure (tejaabi) gold, along with an overall assessment of the market situation. As per the new pricing, the rate for 21-carat gold is now Tk 1,64,999 per bhori, while 18-carat gold stands at Tk 1,41,426 per bhori. Gold made following traditional methods has been priced at Tk 1,17,002 per bhori. Gold prices go up again in Bangladesh within 10 days In addition to the base price, a mandatory 5 percent government VAT and a minimum 6 percent making charge set by BAJUS must be added.  But, the making charge may vary depending on the design and quality of the jewellery. The last price revision took place on June 14, when BAJUS increased the price of 22-carat gold by Tk 2,192 per bhori, setting it at Tk 1,74,528. This marks the 39th price adjustment in the first six months of the year, with prices rising on 26 occasions and dropping 13 times.  

The Bangladesh Jewellers Association (BAJUS) has withdrawn its decision to keep jewellery shops across the country closed for an indefinite period, a day after announcing the programme protesting the arrest of its vice-president Md Riponul Hasan. In a press release on Thursday, BAJUS said members of the Detective Branch (DB) of police arrested Riponul Hasan from his business establishment at Tantibazar in the capital on 28 May in a false and fabricated case using a fake political identity. “The political identity mentioned in the case by police is completely false. Riponul Hasan never held that position. He is not involved with any political organisation, nor has he ever been a member of any political party,” the statement said. BAJUS said the arrest of Ripon has shocked and angered jewellery traders across the country. In protest, all jewellery shops remained closed today as owners and workers staged rallies, processions and human chains demanding justice and his unconditional release. All jewellery stores across Bangladesh to shut down indefinitely from Thursday The association has drawn the attention of the chief adviser, home adviser, law adviser, finance adviser, commerce adviser, industry adviser, IGP and DMP commissioner to ensure justice in the incident. Considering the upcoming Eid-ul-Azha and hoping for a fair investigation and justice, BAJUS has decided to suspend the programme of indefinite closure of jewellery shops. It requested all jewellery establishments to remain open from Friday. However, BAJUS warned that if Riponul Hasan’s name is not withdrawn from the “false and harassing” case and justice is not ensured, it will be compelled to announce fresh protest programmes. Jewellery shops see Eid sales decline amid soaring gold prices

All jewellery shops across Bangladesh will remain closed for an indefinite period starting Thursday morning in protest against the arrest of Bangladesh Jewellers Association (BAJUS) Vice-President Riponul Hasan, the association announced on Wednesday.  In a press release, BAJUS stated that Riponul Hasan was arrested by police in a "false and harassing" case.  The organisation has demanded his unconditional release and strongly condemned the arrest. "As a protest and to press for his immediate and unconditional release, all jewellery establishments across the country, including in Dhaka, will remain closed indefinitely," the statement said. Gold price increased by Tk 1364 per bhori from Sunday Association's Acting President Gulzar Ahmed and General Secretary Badal Chandra Roy, along with other central leaders, expressed grave concern over the incident and issued a strong condemnation. Riponul Hasan was detained by police around 7:30pm on Wednesday from his business premises in Tantibazar, the capital’s key jewellery hub. BAJUS called upon authorities to withdraw what they described as a "fabricated and harassing" case and to ensure the immediate release of their leader.

The price of gold in Bangladesh has once again surged to a record high, just two days after the last adjustment. The price of 22-carat gold has increased by Tk 1,470 per bhori, reaching Tk 154,945—marking the highest rate in the country’s history. The Bangladesh Jewellers Association (Bajus) announced the price hike in a notice on Tuesday evening, stating that the new rates will take effect from Wednesday in the local market. Bajus explained that the decision to raise prices was due to an increase in the price of raw gold in the local market. Gold price increases by Tk 2,613 per bhori in Bangladesh Considering the overall situation, the association has set new rates accordingly. Under the revised pricing, the cost of gold per bhori has been set as follows: 22-carat: Tk 154,94521-carat: Tk 147,90018-carat: Tk 126,776Traditional method: Tk 104,498Bajus also specified that a 5% government-mandated VAT, along with a minimum making charge of 6% as set by the association, must be added to the selling price. But, the making charges may vary depending on the jewellery’s design and quality. Gold prices come down slightly in domestic market The last adjustment in gold prices took place on March 16, when Bajus increased the price of 22-carat gold by Tk 2,613 per bhori, setting it at Tk 153,475. So far this year, gold prices in Bangladesh have been adjusted 15 times, with prices increasing 11 times and decreasing only 4 times.

Bangladesh Jewellers Association (Bajus), a trade body, has notified an increase in the gold price by Tk 4,199 per bhori with effect from Sunday. With the latest price, 22-carat gold will be sold at Tk82,464 per bhori, 21-carat gold at Tk 78,732 per bhori and 18-karat gold at Tk 67,534. According to a press release, the price of gold has increased both in the international market and local market due to the appreciation of the dollar and some other currencies. Read BYLC Ventures: Cohort 4 winners announced The price of traditional gold has been set at Tk 56,220 per bhori from Tk 53,362 per bhori, added the release. Till Saturday, the price of 22-carat gold was Tk78,265 per bhori. The price of 21-carat gold was Tk74,707 per bhori while 18-carat gold was available at Tk64,035. Earlier on May 17, Bajus raised the price of gold by Tk1,750 a bhori to Tk 78,265 in local markets. Also read: 1 held with 124 gold bars worth Tk 10 cr in Jashore