The Bangladesh Jewellers Association (Bajus) has revised the rates for exchanging and purchasing gold jewellery. Customers exchanging gold ornaments will now face a 10% deduction, increased from 9%, while a 15% deduction will apply when jewellers purchase old gold ornaments, up from 13%. These changes aim to benefit buyers and align with global market standards. Additionally, a minimum wage of 6% has been established for the sale of gold ornaments in line with international practices. Comparatively, deduction rates for selling gold are 12% in India, 8% in Sri Lanka, 15% in China, 20% in Italy, 30% in Hong Kong, 35% in Malaysia, 20% in Australia, 6% in the United States, and 14% in the United Kingdom. Bajus urges all jewellers nationwide to adhere to these updated regulations.
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