Gold hits Tk 2.13 lakh per bhori amid rising global and local demand

Gold prices in Bangladesh have surged to an all-time high, with 22-carat (916 purity) gold now trading at Tk 2,13,719 per bhori (11.664 grams), a jump of Tk 4,618 from the previous rate.

The new benchmark, announced by the Bangladesh Jewelers’ Association (BAJUS), takes effect from Tuesday, October 14.

The revision follows a sharp uptick in the domestic price of acid gold (refined 24-carat gold), driven by elevated global bullion prices and strong local demand ahead of the wedding and festive season.

The BAJUS Standing Committee on Pricing and Price Monitoring finalised the adjustment during a meeting on Monday, 13 October, with the updated rate formally notified by committee chairman Masudur Rahman.

This latest hike underscores the continued pressure on consumer spending in a market where gold remains both a cultural staple and a key store of value.

Analysts note that sustained inflation, currency depreciation, and geopolitical uncertainty have further fuelled investment demand for the precious metal.

Jewellery retailers across Dhaka, Chattogram, and Sylhet report heightened customer inquiries despite the record price, suggesting that sentiment remains resilient. However, industry insiders warn that prolonged high prices could dampen discretionary purchases in the mid-to-lower segments.

The Tk 213,719 per bhori mark now stands as the highest official gold price in Bangladesh’s history, reflecting broader trends in global markets where gold has hovered near $2,700 per troy ounce, supported by expectations of interest rate cuts in major economies and safe-haven flows.

BAJUS indicated it will continue to monitor international benchmarks and local refining costs closely, with further adjustments possible in the coming weeks depending on market dynamics.