Gold, silver prices drop in Bangladesh

Gold prices have dropped by Tk 1,500 per bhori (11.664 grams) in Bangladesh.

Bangladesh Jewellers Samity (BJS) General Secretary Enamul Haque Khan told bdnews24.com that this is because of the drop in global price of gold.
 
"Global prices of gold have dropped by 40 to 50 US dollars per ounce (2.43 bhoris). Our decision to bring down rates here is in keeping with global trends," he said on Tuesday.
 
BJS says that from Wednesday, a bhori of 22-carat gold would be priced at Tk 44,521.
 
A bhori of 21-carat gold would be priced at Tk 42,421 and a bhori of 18-carat gold would be priced at Tk 35,773.
 
Besides, price of traditional gold has been re-fixed at Tk 24,086 per bhori.
 

Until Tuesday, 22-carat gold was sold at Tk 46,014 per bhori, 21-carat at Tk 43,914 per bhori and 18-carat at Tk 37,266 per bhori.

It was Tk 1,493 more per bhori than the latest prices after the downward revision.

The price of traditional gold was Tk 25,544 per bhori. It has dropped Tk 1,458 per bhori.

According to goldsmiths, one bhori of 22-carat gold contains 91.6 percent pure gold, 21-carat 87.5 percent and 18-carat gold contains 75 percent pure gold.

There is no standard of traditional gold made by melting golden ornaments.

BJS hiked the prices of gold by Tk 1,500 per bhori on Jan 22 last year.

Silver prices down, too

Prices of silver have also been cut by Tk 58 per bhori.

The price of 21-carat (cadmium) silver has been re-fixed at Tk 1,049 per bhori.

A bhori of 21-carat silver was priced Tk 1,108 until Tuesday.

BJS General Secretary Enamul said sale of gold declined due to blockade and shutdowns by BNP-led alliance.