Dhaka, Oct. 25 -- The Bangladesh Jeweller's Association (BAJUS) on Sunday cut gold prices by Tk 3,324 per bhori, setting the price of 22-carat gold at Tk 220,858, including valued added tax (VAT).

The revised prices came into effect at 10:00am on Sunday, according to a BAJUS press release.

The organisation said it lowered gold prices following a decline in the price of pure gold in the local market.

Under the new rates, 21-carat gold will cost Tk 210,943 per bhori, 18-carat gold Tk 181,200 and traditional-method gold Tk 148,016.

BAJUS said making charges will apply depending on the design of the jewellery. As VAT is included in the selling prices of gold and silver ornaments, jewellers cannot collect it separately from customers.

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