The Bangladesh Jewellers Association (Bajus) has once again announced an increase in gold prices in the domestic market.
Under the new rates, the price of 22-carat gold has been set at Tk265,414 per bhori, marking a significant rise from the previous rate.
On Monday, the price of 22-carat gold was Tk261,040 per bhori. This means the price has increased by Tk4,374 per bhori within just five days.
Bajus has set the price of 21-carat gold at Tk253,342 per bhori. Prices per gram for different categories and qualities of gold ornaments have also been revised.
The decision was taken at an emergency meeting of Bajus’ Standing Committee on Pricing and Price Monitoring at 9:30am on Saturday. The new prices came into effect from 10:30am the same day.
The price of 22-carat hallmarked gold ornaments (cadmium) has been set at Tk22,755 per gram, while 21-carat (cadmium) gold costs Tk21,720 per gram. The price of 18-carat (cadmium) gold has been fixed at Tk18,615 per gram, and gold produced through the traditional method is priced at Tk15,235 per gram.
For silver ornaments, the price of 22-carat (cadmium) has been set at Tk590 per gram, 21-carat (cadmium) at Tk560 per gram, and 18-carat (cadmium) at Tk480 per gram. Silver produced through the traditional method is priced at Tk360 per gram.
According to a Bajus statement, the price adjustment was made due to an increase in the international market prices of pure gold and silver. The new rates will remain effective at all jewellery shops across the country until further notice.
The statement also noted that jewellers must collect the government-fixed 5% VAT from customers and deposit it into the state treasury.
The decision was announced in a notice signed by Dr Dewan Aminul Islam Shaheen, chairman of the Standing Committee on Pricing and Price Monitoring.
The continued rise in gold prices is affecting both wedding purchases and investment decisions. With Ramadan and Eid approaching, consumers planning to buy gold jewellery may face significantly higher expenses.
At the same time, investors are once again viewing gold as a safe haven asset. However, rapid price increases could create some stagnation in the market, according to industry insiders.
Bajus says the adjustment reflects trends in the global market. Whether domestic prices will see further revisions will depend on international price movements in the coming days.
