Gold prices in Bangladesh have registered their steepest one-day decline, with the price of 22-carat gold falling by Tk15,746 per bhori, according to the Bangladesh Jewellers Association (Bajus).
In a notification issued on Saturday morning, Bajus said the new price of 22-carat gold has been set at Tk255,617 per bhori (11.664 grams). The reduction was attributed to a drop in the local price of refined gold, known as tejabi sona.
Under the revised price structure, 21-carat gold is now selling at Tk244,011 per bhori, while 18-carat gold has been fixed at Tk209,136 per bhori. Gold produced using traditional methods is priced at Tk171,869 per bhori.
Bajus noted that the retail price of gold jewellery will be subject to a mandatory 5 per cent value-added tax imposed by the government, along with a minimum 6 per cent making charge set by the association. The making charge may vary depending on the design, craftsmanship and quality of the jewellery.
The latest adjustment follows another significant price cut on 30 January, when Bajus reduced the price of 22-carat gold by Tk14,638 per bhori, bringing it down to Tk271,363. As a result, gold prices in the domestic market have dropped by a total of Tk30,384 per bhori over the past two days.
Just days earlier, on 29 January, gold prices had surged sharply, with 22-carat gold rising by Tk16,213 per bhori to Tk286,001 the highest level ever recorded in Bangladesh.
So far this year, Bajus has revised gold prices 18 times, with increases recorded on 13 occasions and decreases on five.
Silver prices have also been adjusted downward. The price of 22-carat silver has been reduced by Tk467 to Tk7,290 per bhori. Meanwhile, 21-carat silver now costs Tk6,940 per bhori, while 18-carat silver has fallen by Tk408 to Tk5,949 per bhori. Silver produced using traditional methods is now priced at Tk4,432 per bhori, following a Tk350 cut.
The domestic price adjustments come amid a sharp fall in global gold prices. In the international spot market, gold dropped by more than $434 per ounce in a single session, falling to around $4,893 an ounce.
Market analysts say volatility in global bullion prices continues to influence the local market, contributing to rapid fluctuations in precious metal prices.
