Gold prices in Bangladesh have surged to a new historic high, with 22-carat gold now selling at Tk 2,62,440 per bhori (11.664 grams) after a fresh hike of Tk 5,249.
The revised rate will come into effect from Tuesday (January 26), the Bangladesh Jewellers Association (BAJUS) announced.
The decision was taken at a meeting of BAJUS’s Standing Committee on Pricing and Price Monitoring on Monday, January 25.
Committee chairman Dr Dewan Aminul Islam Shaheen later confirmed the increase through an official notification, citing rising domestic and international gold prices.
The latest hike comes as gold experiences an extraordinary rally in global markets.
International bullion prices have crossed a historic milestone, surpassing $5,000 per ounce for the first time as investors rush toward safe-haven assets amid mounting geopolitical tensions, trade conflicts, and financial uncertainty.
Concerns over inflation, currency instability, wars in Ukraine and Gaza, renewed tariff threats from the United States, and fears of overvalued tech stocks have all fueled demand for gold worldwide.
Market analysts say expectations of interest rate cuts by the US Federal Reserve are also driving gold’s surge, as lower rates reduce the appeal of bonds and push investors toward precious metals. At the same time, central banks across the world have been aggressively increasing their gold reserves, signaling a shift away from reliance on the US dollar and strengthening gold’s reputation as a long-term store of value.
For Bangladesh, the global gold rally carries significant economic and social implications. Higher prices are likely to impact jewellery buyers, wedding markets, and middle-class households that traditionally rely on gold as a form of savings and financial security. While rising prices may discourage new buyers, they also increase the value of existing gold holdings, benefiting families, expatriate remitters, and small investors seeking protection against inflation and taka depreciation.
The surge could also affect Bangladesh’s jewellery industry and gold traders, boosting asset valuations but increasing import costs and exposing businesses to price volatility. Economists suggest the global gold boom may even influence future policy discussions on reserve diversification, as emerging economies increasingly view gold as a strategic buffer against external financial shocks.
With global uncertainty showing no signs of easing, gold’s relentless climb is reshaping both international markets and local consumer behaviour in Bangladesh, underscoring the metal’s enduring role as a financial safe haven in turbulent times.