Gold to glitter more as prices drop after wedding season

Gold merchants have refixed the price, slashing it by over Tk 1,000 per Bhori (11.664 gram) for all varieties of the precious metal in the Bangladesh market.

The revision, to be effective from Monday, came after the winter wedding season, when the jewellers face high demand.   

Bangladesh Jewellers' Association General Secretary Dilip Kumar Agarwal, however, told bdnews24.com the price has been readjusted in line with the global market price.

From Monday, the best quality 22-carat gold would be sold at Tk 50,752 per Bhori in the local market, he added.

The prices shot up over Tk 50,000-mark after successive hikes in January. The jewellers had last raised the price on Jan 25.

The Jewellers' Association's new gold prices per Bhori are as follows:

22-carat                      Tk 50,752 (from Tk 52,255)

21-carat                      Tk 48,697 (from Tk 49,922)

18-carat                      Tk 43,623 (from Tk 44,673)

Traditional gold           Tk 26,419 (from Tk 27,410)