Bangladesh gold market breaks record as prices hit Tk2.57 lakh per bhori

Gold prices in Bangladesh have surged once again, with the Bangladesh Jewellers Association (Bajus) setting a new all-time high for the precious metal.

According to a notification issued tonight (25 January), Bajus increased the price of 22-carat gold by Tk1,574 per bhori, fixing it at Tk2,57,191 — the highest ever in the country’s history.

The new rates will come into effect from tomorrow.

Bajus said the decision was taken following a rise in the price of pure gold (tejabi gold) in the local market, considering the overall market situation.

Under the revised prices, 21-carat gold will be sold at Tk2,45,527 per bhori, 18-carat gold at Tk2,10,419 per bhori, while gold under the traditional method will cost Tk1,72,919 per bhori.

In addition to the selling price, buyers will have to pay a mandatory 5% VAT set by the government and a minimum 6% making charge fixed by Bajus. However, the making charge may vary depending on the design and quality of jewellery.

Bajus last adjusted gold prices on 23 January, when the price of 22-carat gold was raised by Tk6,299 to Tk2,55,617 per bhori.

With the latest revision, gold prices have been adjusted 13 times in the current month alone — increased on 10 occasions and reduced three times.

Alongside gold, silver prices have also been increased. Bajus raised the price of 22-carat silver by Tk350 per bhori, fixing it at Tk7,232, marking the highest silver price in the country’s history.

According to the new rates, 21-carat silver will cost Tk6,940 per bhori, 18-carat silver Tk5,949 per bhori, and silver under the traditional method Tk4,432 per bhori.

So far this year, silver prices have been adjusted eight times, with increases on six occasions and decreases twice.