Gold Prices Break All Records in Bangladesh’s History

Bangladesh’s gold market has witnessed an unprecedented surge, breaking all previous records for the fifth consecutive time. The price of gold per bhori (22-carat) has soared to Tk 222,083, marking an historic milestone for the nation. This new rate is set to come into effect nationwide from Tuesday, 23 December.

The Bangladesh Jewellers’ Association (BAJUS) announced the updated prices on Monday night (22 December) in an official statement. The association highlighted that the rise in the price of pure gold (tejabi) in the local market necessitated a price adjustment across all retail outlets. BAJUS emphasised that this step was essential to maintain market stability and ensure uniform pricing for consumers throughout the country.

Under the new rates, the price of gold for various carats has been adjusted as follows: a bhori of 21-carat gold will now cost Tk 211,993, while 18-carat gold has been set at Tk 181,725 per bhori. For traditional measurement systems, the price of a bhori of gold is Tk 151,399.

Silver prices have similarly experienced an upward trend. A bhori of 22-carat silver is now priced at Tk 4,957, while 21-carat silver costs Tk 4,724 per bhori. For 18-carat silver, the price has been fixed at Tk 3,732 per bhori, and for traditional measurements, a bhori of silver will be Tk 2,601.

Updated Gold and Silver Prices (Per Bhori)

Metal & CaratPrice (Tk)
Gold 22-carat222,083
Gold 21-carat211,993
Gold 18-carat181,725
Gold (traditional)151,399
Silver 22-carat4,957
Silver 21-carat4,724
Silver 18-carat3,732
Silver (traditional)2,601

Economists and market analysts attribute the surge to a combination of factors, including rising international gold prices, a weakening silver market, and increased domestic demand. Seasonal buying patterns and festive purchases are also contributing to heightened consumer interest, further pushing the price upwards.

BAJUS officials have urged jewellery retailers and traders to strictly adhere to the revised pricing to ensure fairness and transparency in the market. Investors and the general public are advised to exercise caution while buying or selling precious metals during this period of volatility.

Market observers suggest that although gold has reached an all-time high, its stability in the coming weeks will largely depend on international trends, particularly in the London and Dubai gold markets. Nevertheless, this historic price milestone underscores gold’s continuing importance as a preferred investment and store of value among Bangladeshi consumers.

Leave a Comment