Gold Prices Break All Records in Bangladesh

The price of gold in Bangladesh has surged to unprecedented levels, setting a historic new record in the country’s market. For the fifth consecutive time, the value of gold has increased, with the rate for 22-carat gold now reaching 222,083 Taka per bhori (approximately 11.66 grams). The new rates will come into effect nationwide from Tuesday, 23 December.

On Monday evening (22 December), the Bangladesh Jewellers Association (BAJUS) issued an official statement confirming the price hike. According to BAJUS, the increase is primarily due to a rise in the cost of pure gold in the local market, reflecting both international price trends and domestic demand. The association stated that these adjustments were necessary to maintain consistency with the global market and ensure fair pricing for both buyers and sellers.

Under the new pricing structure, 21-carat gold is now valued at 211,993 Taka per bhori, while 18-carat gold has been priced at 181,725 Taka. Gold produced using traditional methods (sonaton padhoti) is now being sold at 151,399 Taka per bhori.

Silver prices have also experienced an upward trend. The rate for 22-carat silver is now 4,957 Taka per bhori. Meanwhile, 21-carat silver is priced at 4,724 Taka, 18-carat silver at 3,732 Taka, and traditional-method silver at 2,601 Taka per bhori.

Experts note that the continuous rise in gold prices reflects a combination of global factors, including fluctuations in the US dollar, international gold market trends, and economic uncertainty. For investors, the trend reinforces gold’s status as a safe-haven asset, particularly in times of financial volatility.

While the record-breaking prices may concern ordinary buyers, jewellers and investors see it as a strategic opportunity to invest. BAJUS has urged consumers to exercise caution, particularly if purchasing large quantities, given the market’s sensitivity to international price movements.

Updated Gold and Silver Prices in Bangladesh (per bhori)

BAJUS emphasised that these price adjustments are necessary to ensure market stability and maintain equilibrium between supply and demand. Analysts predict that if international market trends continue, gold prices in Bangladesh could see further increases in the coming weeks, making it a crucial period for both traders and consumers alike.