Gold prices drop by Tk 2,215 per Bhori in national market

The price of gold in Bangladesh has been reduced again, with the country’s leading jewellery body announcing a fresh adjustment in line with the international market trend.

The Bangladesh Jewellers Association (BAJUS) said on Friday (May 15) that the price of 22-carat gold has been reduced by Tk 2,215 per bhori, bringing the new rate to Tk 242,495. The revised prices took effect from 10:00am the same day.

The decision was taken at an emergency meeting of BAJUS’s Standing Committee on Pricing and Price Monitoring, according to a statement signed by committee chairman Dr Dewan Aminul Islam Shahin.

BAJUS said the price adjustment was made in line with the declining trend in the local bullion market, which reflects movements in international gold prices.

Under the new pricing structure, the price of 21-carat gold has been reduced by Tk 2,100 to Tk 231,472 per bhori, while 18-carat gold has dropped by Tk 1,808 to Tk 198,405. Traditional gold has been lowered by Tk 1,458 to Tk 161,605 per bhori.

Earlier, BAJUS had increased gold prices on May 7, when 22-carat gold was priced at Tk 244,710 per bhori. The latest cut comes just eight days after that hike, offering some relief to buyers amid frequent fluctuations in the bullion market.

However, silver prices remained unchanged. The rate for 22-carat silver stands at Tk 5,774 per bhori, while 21-carat is priced at Tk 5,540, with other categories also remaining stable.

Market analysts say global uncertainty driven by geopolitical tensions involving Iran, the United States, and Israel had previously pushed gold prices higher.

However, recent easing in international markets has led to a downward correction, which is now reflected in domestic prices.