Gold prices in Bangladesh have surged to their highest level on record, with jewellers raising rates sharply amid rising costs in both the local and international markets.
The Bangladesh Jewellers Association (Bajus) announced on Wednesday at 10:15 am on the morning that the price of 22-carat gold has been increased by Tk7,348 per bhori, setting a new benchmark of Tk269,788 per bhori (11.664 grams). The revised rate took effect immediately.
According to Bajus, the adjustment followed a review of prevailing market conditions, particularly an increase in the price of tejabi (pure) gold in the domestic market. The association said the decision was taken to reflect higher procurement costs faced by jewellers.
Under the new pricing structure, 21-carat gold is now priced at Tk257,483 per bhori, while 18-carat gold stands at Tk220,741 per bhori. Gold produced using traditional methods has been fixed at Tk181,725 per bhori.
In addition to the listed prices, buyers are required to pay a mandatory five per cent value-added tax imposed by the government, along with a minimum six per cent making charge set by Bajus. The final cost may vary depending on craftsmanship, design and jewellery quality.
The latest increase follows another price revision just two days earlier. On 26 January, Bajus raised the price of 22-carat gold by Tk5,249 per bhori, pushing it to Tk262,440, , the previous all-time high.
So far this year, gold prices in Bangladesh have been revised 15 times, reflecting heightened volatility in the precious metals market. Of those adjustments, prices have been increased on 12 occasions and reduced three times.
The domestic surge mirrors a strong rally in the global gold market. Spot gold prices have crossed $5,200 per ounce, setting successive record highs. Market data indicate that gold has gained roughly 20 per cent in the first month of the year alone.
Analysts attribute the global rally primarily to a weakening US dollar and growing investor demand for safe-haven assets amid geopolitical tensions, economic uncertainty and concerns over inflation and interest rate trajectories.
With international prices continuing to climb, market participants say further adjustments in local gold rates cannot be ruled out in the coming weeks, particularly if global volatility persists.
