Gold prices in the domestic market have been reduced again on Saturday, marking a second consecutive day of decline. According to the Bangladesh Jewellers Association (BAJUS), the price of gold per bhori has been reduced by a maximum of BDT 4,374 today. With this adjustment, the cumulative reduction over Friday and Saturday amounts to as much as BDT 6,590 per bhori.
The revised prices came into effect at 10:00 am today. BAJUS announced the adjustment in a press release, stating that the decision was taken in line with a fall in the price of refined gold in the local market. The association further noted that the change reflects a decline in international gold prices, which has influenced domestic market adjustments. The most recent price increase occurred on 7 May, when gold prices rose by up to BDT 2,216 per bhori.
New gold prices
Following the latest revision, gold prices in Bangladesh stand as follows:
| Gold Purity | Price per Bhori (BDT) |
|---|---|
| 22 carat | 238,120 |
| 21 carat | 227,331 |
| 18 carat | 194,847 |
| Traditional method | 158,689 |
Before today’s adjustment, the prices were significantly higher. On the previous day, 22-carat gold was priced at BDT 242,495 per bhori, while 21-carat stood at BDT 231,472. The price of 18-carat gold was BDT 198,405 per bhori, and traditional gold was priced at BDT 161,605 per bhori.
Silver price also declines
Alongside gold, silver prices have also been reduced in the local market. The price of 22-carat silver now stands at BDT 5,657 per bhori following the latest adjustment.
Global market influence
BAJUS has attributed the price adjustment to a decline in the cost of refined gold in the domestic market, which is closely linked to movements in the international bullion market. According to available global market data referenced in the report, gold prices fell by approximately 137 US dollars per ounce on 15 May. Over the past 30 days, prices have decreased by around 108 US dollars per ounce, reflecting ongoing fluctuations in the global bullion market.
Gold prices typically fluctuate on a daily basis, influenced by international trading conditions, currency movements, and global demand trends. The recent consecutive reductions in Bangladesh mirror this broader pattern of volatility in the global precious metals market.