The price of gold in Bangladesh has experienced a marked decline, representing the second consecutive reduction this year amid continuing global economic uncertainty. The Bangladesh Jewellers Association (BAJUS) announced a decrease of 3,266 taka per tola, reflecting fluctuations in both international bullion markets and domestic demand.
On Monday, 9 March, BAJUS issued an official notice confirming the updated rates. According to the announcement, the price of 22-carat gold now stands at 264,947 taka per tola (11.664 grams), effective from 10:00 a.m. local time. The revision comes following a review of domestic gold markets and global price movements.
Current Gold Prices in Bangladesh
| Carat | Price per Tola (Taka) | Weight (grams) |
|---|---|---|
| 22-carat | 264,947 | 11.664 |
| 21-carat | 252,876 | 11.664 |
| 18-carat | 216,775 | 11.664 |
| Traditional (Sonatan) | 176,943 | 11.664 |
The recent reduction follows a period of sustained price increases. Over the last fortnight, gold rates in Bangladesh rose six times consecutively before dropping for two consecutive adjustments. So far this year, BAJUS has revised gold prices 38 times, with 24 upward adjustments and 14 downward corrections, highlighting the volatility of both domestic and international markets.
Experts attribute the current drop to several factors, including easing geopolitical tensions, fluctuations in global bullion prices, and market recalibrations within Bangladesh. The adjustment across 22-carat, 21-carat, and 18-carat gold is seen as an effort to stabilise the domestic jewellery sector while remaining competitive internationally.
For buyers and investors, the temporary decline offers a window to purchase gold at slightly lower rates following an extended period of price escalation. Analysts, however, caution that gold prices remain highly sensitive to global economic developments, currency fluctuations, and import dynamics, suggesting that further adjustments could occur in the near future.
BAJUS stressed that these rates reflect pure gold valuations, advising consumers to account for carat differences and market considerations when making purchases. Retailers are expected to update shop prices promptly to maintain compliance and transparency across the jewellery market in Bangladesh.
This latest adjustment underscores the persistent volatility in the precious metals market and highlights the importance of vigilance for traders, investors, and consumers alike. Gold continues to play a dual role in Bangladesh, serving as both a cultural asset and a strategic financial hedge amid global economic uncertainty.