Gold prices in Bangladesh have fallen for the third consecutive day, with the Bangladesh Jewellers Association (Bajus) reducing the price of 22-carat gold by Tk2,158 per bhori.
The revised rates came into effect at 10am on Friday.
Bajus said the price adjustment followed a decline in the price of pure gold, known locally as tejabi gold. The new rates were set at a meeting of the association's Standing Committee on Pricing and Price Monitoring on Friday morning.
Under the new rates, 22-carat gold costs Tk18,845 per gram, or Tk219,808 per bhori (11.664 grams).
The price stood at Tk221,966 per bhori on Thursday, meaning it has fallen by Tk2,158 in a day.
Meanwhile, 21-carat gold has been priced at Tk209,894 per bhori, 18-carat at Tk180,267 and traditional-method gold at Tk147,316.
Bajus cut the price of 22-carat gold by Tk2,216 per bhori on Thursday. A day earlier, on Wednesday (November 11), it reduced the price by Tk2,741.
In total, the price of 22-carat gold has dropped by Tk7,032 per bhori over the past three days.
Silver prices unchanged
Bajus has kept silver prices unchanged despite the decline in gold prices.
Under the existing rates, 22-carat silver costs Tk3,499 per bhori, 21-carat Tk3,383, 18-carat Tk2,916 and traditional-method silver Tk2,216.
Bajus said making charges for gold and silver jewellery would vary depending on the design. However, VAT is already included in the stipulated selling prices and cannot be collected separately from customers.
For exchanges of old gold jewellery, a 12% deduction will apply to the stipulated price after excluding making charges and the cost of stones. For purchases of old gold, the deduction will be 18%. No separate VAT deduction is allowed in either case.
The new rates will remain in effect at all jewellery establishments across the country until further notice.
Gold prices adjusted 137 times this year
Bajus has adjusted gold prices 137 times in the domestic market so far this year, raising them 65 times and lowering them 72 times.
In 2025, the association adjusted gold prices 93 times, increasing them on 64 occasions and reducing them 29 times.
The number of adjustments has risen significantly this year amid fluctuations in the prices of pure gold in international and local markets.