The Bangladesh Jewellers Association (Bajus) has increased gold prices in the domestic market after two consecutive reductions.
Under the new rates, the price of 22-carat gold has been increased by Tk4,432 per bhori (11.664 grams) to Tk230,772.
Bajus announced the revised prices in a press release on Monday morning, saying the adjustment was made due to an increase in the price of pure gold in the local market.
The new rates came into effect from 10am on Monday.
According to the revised price list, a bhori of 22-carat gold will be sold at Tk230,772, including VAT. The price of 21-carat gold has been set at Tk220,391 per bhori, 18-carat gold at Tk189,248, and traditional gold at Tk154,606.
Earlier, on June 20, Bajus reduced the price of 22-carat gold by Tk2,216 per bhori to Tk226,340. At that time, 21-carat gold was priced at Tk216,192 per bhori, 18-carat gold at Tk185,691 and traditional gold at Tk151,690.
Market sources said gold prices have remained volatile since Eid-ul-Azha. After four consecutive price cuts following the holiday, prices were increased three times. Although they later declined twice, the latest decision has pushed prices up again.
Bajus said the new rates will remain in effect until further notice. However, charges will be added separately depending on the design and craftsmanship of the jewellery. Since VAT is included in the listed prices, no additional VAT can be charged to customers.
Meanwhile, the proposed budget for fiscal year 2026-27 includes changes to the VAT structure on gold. Under the proposal, the existing 5% VAT on each bhori of gold would be replaced by a fixed VAT of Tk 2,500 per bhori.
Industry insiders believe the move could improve transparency in the jewellery sector and help keep prices more manageable for consumers.
Silver prices remain unchanged. A bhori of 22-carat silver is currently priced at Tk5,249.
According to Bajus, gold prices have been adjusted 79 times in the domestic market so far this year. Of those, prices were increased 40 times, reduced 38 times and VAT was adjusted once.
In 2025, gold prices were revised 93 times, with 64 increases and 29 reductions.
Market analysts said gold prices are likely to remain volatile in the coming months due to fluctuations in international gold prices, exchange rate movements and changes in domestic demand and supply.
