Gold price drops Tk 4,432 per bhori

Gold prices in Bangladesh have been reduced by up to Tk 4,432 per bhori, following a fresh adjustment announced by the Bangladesh Jewellers Association (BAJUS).

The new rates came into effect from 10:00am on Thursday (April 9), according to an official notification.

The price cut has been attributed to a decline in the cost of refined (acid-tested) gold in the local market.

Under the revised pricing, 22-carat gold—the highest quality—will now be sold at Tk 2,47,977 per bhori, down from Tk 2,52,409 a day earlier. A bhori of 21-carat gold is now priced at Tk 2,36,721, while 18-carat gold stands at Tk 2,02,895. Traditional-method gold has been set at Tk 1,65,279 per bhori.

Silver prices have also seen a slight decline. The new rates fix 22-carat silver at Tk 5,715 per bhori, 21-carat at Tk 5,424, 18-carat at Tk 4,666, and traditional silver at Tk 3,500.

Earlier, on January 29, BAJUS raised gold prices by a record Tk 16,213 per bhori, citing volatility in the international market. At the time, the price of 22-carat gold surged to Tk 2,86,000 per bhori—the highest on record in the country.

Market insiders said global gold prices, which had remained elevated amid geopolitical tensions involving Iran, the United States, and Israel, have recently shown signs of correction.