Gold price hits record again, totaling 1 lakh 65 thousand taka
Gold Price Hits Record High in Bangladesh – Increases by Tk 3,033 per Bhori
The price of gold in Bangladesh has once again hit a record high. In the latest hike, the price per bhori (11.664 grams) has increased by Tk 3,033, bringing the price of 22-carat gold to Tk 165,209 per bhori — the highest ever in the country’s history.
The Bangladesh Jewellers Association (BAJUS) announced the price hike through a press release on Wednesday night, citing an increase in the price of acid gold (pure gold) in the local market as the reason. The new prices will be effective from Thursday.
Just last Sunday, BAJUS had reduced the price of gold by Tk 1,038 per bhori, bringing it down to Tk 162,176, which remained in effect until today. Prior to that, on April 12, the price had reached a record Tk 163,214 per bhori, which now stands surpassed.
đļ New Gold Prices (Effective from Thursday):
| Purity | New Price (per bhori) |
|---|---|
| 22-carat | Tk 165,209 |
| 21-carat | Tk 157,697 |
| 18-carat | Tk 135,174 |
| Traditional method | Tk 111,660 |
Previously, the prices were:
| Purity | Previous Price | Price Increase |
|---|---|---|
| 22-carat | Tk 162,176 | Tk 3,033 |
| 21-carat | Tk 154,805 | Tk 2,892 |
| 18-carat | Tk 132,690 | Tk 2,484 |
| Traditional | Tk 109,537 | Tk 2,123 |
đ Global Influence & Market Instability
The volatility in gold prices is being attributed to ongoing global trade tensions, especially retaliatory tariffs between the United States and China. This has caused significant fluctuations in global gold prices.
For the first time this week, the global market witnessed gold prices cross the $3,300 per ounce mark. According to data from the gold tracking website Gold Price, today’s global price peaked at $3,316 per ounce, up from $2,980 on April 8.
Although BAJUS mentioned a rise in the price of acid gold as the reason, several gold traders have confirmed that the primary cause is the hike in international prices.
đ Impact on Local Market
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Sales drop: Many jewellers report that gold sales have dropped by around 70% over the past two months.
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Reluctant buyers: Customers are now only visiting jewellery stores if absolutely necessary.
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Risk of smuggling: Without price adjustment aligned with global markets, there’s a growing risk of gold smuggling from Bangladesh.
đŖ️ BAJUS Commentary
Masudur Rahman, Vice-President of BAJUS, told Prothom Alo:
“U.S. President Donald Trump’s imposition of high tariffs on goods from various countries has created instability in global trade, pushing up gold prices. Since prices are rising globally, we are forced to adjust the rates in our market as well. Otherwise, there’s a risk of gold being smuggled out of Bangladesh.”
When asked whether the price might reach Tk 200,000 per bhori, he replied:
“It’s too early to say if it will hit two lakh per bhori. We hope the global market uncertainty will subside soon.”
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