Gold crashes below Tk 2 lakh mark after Tk 10,474 plunge per bhori

Gold prices in Bangladesh market have seen a sharp fall for the second consecutive day, with the price of 22-carat gold dropping by Tk 10,474 per bhori (11.664 grams) within just 24 hours.

Following the latest revision, the price of one bhori of 22-carat gold now stands at Tk 1,93,809, according to the Bangladesh Jewellers’ Association (BAJUS).

The association said the adjustment reflects a fall in the price of acid gold (pure gold) in the local market. The revised rates will take effect from Wednesday (October 29).

The decision to reduce prices was made at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring held on Tuesday (October 28), and later confirmed through a notification signed by the committee’s chairman, Masudur Rahman.

Gold prices have been volatile in recent weeks, tracking fluctuations in both local and international markets.

Tuesday’s adjustment marks the fourth consecutive price cut in the country’s gold market within a week. On October 28, the price was reduced by Tk 3,674 per bhori; on October 27, by Tk 1,039; and on October 24, by Tk 8,386. Altogether, the price of 22-carat gold has fallen Tk 23,573 per bhori across four rounds of reductions.

As per the latest adjustment:

22-carat gold: Tk 193,809 per bhori (down Tk 10,474)

21-carat gold: Tk 185,003 per bhori (down Tk 9,996)

18-carat gold: Tk 158,572 per bhori (down Tk 8,573)

Traditional gold: Tk 131,628 per bhori (down Tk 7,314)

Meanwhile, silver prices remain unchanged. The price of 22-carat silver is Tk 4,246 per bhori, 21-carat silver Tk 4,047, 18-carat silver Tk 3,476, and traditional silver Tk 2,601 per bhori.

BAJUS sources said the frequent price adjustments reflect volatility in the international bullion market and changes in local supply dynamics.