Gold price in Bangladesh above Tk 2 lakh per Bhori for 1st time

Gold ornaments. Photo collected

Dhaka, Oct 6 - Gold prices in Bangladesh have reached an unprecedented high, crossing the Tk 2 lakh mark per bhori (11.664 grams) for the first time, driven by continuous price surges in September and early October.

On Monday night, the Bangladesh Jewellers Association (BAJUS) announced an increase of Tk 3,150 per bhori for 22-carat gold, setting the new rate at Tk 2,726 per bhori, the highest in the country’s history. The revised prices will take effect from Tuesday.

According to BAJUS, the hike reflects a rise in the value of pure gold in the local market. The association’s Standing Committee on Pricing and Price Monitoring recalculated the rates to align with market trends.

The new prices include the mandatory 5 percent VAT imposed by the government, as well as a 6 percent minimum wage determined by BAJUS. However, actual prices may vary depending on jewellery design and quality.

Under the updated rates, gold in Bangladesh is priced as follows:

• 22-carat: Tk 2,726 per bhori

• 21-carat: Tk 1,91,605 per bhori

• 18-carat: Tk 1,64,229 per bhori

• Traditional (Sanatani): Tk 1,36,445 per bhori

BAJUS had previously set a record on October 4, when 22-carat gold rose by Tk 2,192 to Tk 1,97,576 per bhori. This year alone, the association has revised gold prices 61 times, including 43 increases and 18 decreases.

The surge in domestic prices mirrors global trends, with international gold rates also hitting record levels, surpassing $3,900 per ounce for the first time.

As gold continues its upward trajectory, consumers and investors alike are keeping a close eye on market developments, making this historic milestone a topic of widespread attention across Bangladesh. - UNB