Jewellery expo begins on March 17

The Bangladesh Jewellers Association (BAJUS) is going to host a three-day "Jewellery Expo-2022" from March 17 for the first time.

The event will be held at the International Convention City Bashundhara to celebrate the birth centenary of Bangabandhu Sheikh Mujibur Rahman and the golden jubilee of Bangladesh's independence. The event also aims to expand the local gold market at home and abroad.

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Uttam Banik, treasurer of BAJUS, made the announcement during a press briefing at the BAJUS office in Dhaka yesterday.

"This event will be an exhibition for our local products for both local and foreign traders and we have taken all the preparations to welcome them," he said.

"Around 70 stalls will be set up and we expect that over 2 lakh people will visit the event," Banik added.

He went on to say that this expo will enrich the local jewellery industry as well as contribute to the country's export of gold products after meeting domestic demand.

The association of local jewellery makers made this announcement on Tuesday, a day after raising notice to the growing gold and silver prices considering the international situation.

As per the new rates set by BAJUS, the price of 22-carat gold is Tk 6,800 per gram while 21-carat gold costs Tk 6,490 per gram and 18-carat gold is Tk 5,570 per gram.

According to foreign media sources, the price of gold rose to more than $2,000 per ounce in Asian markets on Monday over fears about the impact of Russia's war on Ukraine on the global economy.

The precious metal hit a peak of $2,000.86 per ounce that day, its highest level since September 2020.