Gold prices have dropped by Tk 14,600 per bhori after hitting a record high
Just a day earlier, the price had surged to a record high of Tk 286,000 per bhori — the highest ever in Bangladesh.
After five straight increases, the Bangladesh Jewellers Association (BAJUS) has announced a significant cut in gold prices in the domestic market.
Gold prices have been slashed by as much as Tk 14,600 per bhori, bringing the price of standard-quality gold down to Tk 271,000. Just a day earlier, prices had soared to a record Tk 286,000 per bhori — the highest ever in Bangladesh.
In a notice issued on Friday (30 January), BAJUS said the revised rates took effect from 10:45am the same day.
The association attributed the price reduction to a decline in the local market price of tejaabi (pure) gold.
Gold prices also fell in the international market. According to data from GoldPrice.org, a widely used global gold and silver price-tracking website, gold slipped to around USD 5,200 per ounce on Friday morning, down from more than USD 5,550 a day earlier.
Under the new domestic rates, 22-carat gold is priced at Tk 271,363 per bhori, 21-carat at Tk 259,000, 18-carat at Tk 222,024, and traditional-method gold at Tk 182,833.
Silver prices have also been revised downward. The price of 22-carat silver now stands at Tk 7,757 per bhori, while 21-carat silver is priced at Tk 7,407, 18-carat at Tk 6,357, and traditional-method silver at Tk 4,782 per bhori.
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