Earlier, on Thursday, the day the national budget was announced, the price of gold was reduced by Tk 4,432 per ounce. Earlier, on June 6, gold prices were cut by Tk 5,482 per ounce. Earlier, on June 2, the price was further reduced by Tk 3,266 per bhori. As a result, post-Eid gold prices had […]
According to the letter, out of 40,000 jewelery shops in the country, 8,000 have VAT registration. Of these registered businesses, only 1,500 pay VAT regularly. The letter said that if minimum VAT is implemented, many more establishments will come under the ambit of VAT. To bring a large number of shops under the tax net, […]
According to BAJUS, the price of 21 carat gold is now Tk 256,025 per bhari, while the price of 18 carat gold is Tk 219,458 per bhari. The price of gold produced under the traditional method is Tk 179,159 per bhori. The association further said that 5 per cent government imposed VAT should mandatorily be […]
Last week, the surge above US$5,000 was largely driven by uncertainty over who Donald Trump would appoint as Chairman of the Federal Reserve. Investors feared he might elect someone who would succumb to political pressure to lower interest rates, potentially weakening the dollar and increasing inflation. Seeking protection from these risks, investors gravitated towards gold. […]