Gold prices bounce back after brief dip

After a brief decline, gold prices have rebounded once again in the domestic market. The Bangladesh Jewellers’ Association (BAJUS) on Saturday announced an increase of Tk 1,680 per bhori (11.664 grams) for 22-carat gold, raising the price to Tk 2,01,776 per bhori.

The new rates will take effect from Sunday (November 2), according to a notification issued by the BAJUS Standing Committee on Pricing and Price Monitoring, signed by its chairman Masudur Rahman.

BAJUS said the adjustment was made in response to a rise in the price of pure gold in the local market.

Under the revised pricing,

22-carat gold now costs Tk 2,01,776 per bhori (up by Tk 1,680)

21-carat gold is priced at Tk 1,92,596 (up by Tk 1,598)

18-carat gold has risen to Tk 1,65,081 (up by Tk 1,365)

Traditional gold now sells for Tk 1,37,180 (up by Tk 1,166)

This latest increase comes just two days after BAJUS had reduced the price of 22-carat gold by Tk 2,613 per bhori on October 31, following a Tk 8,900 hike the day before. Earlier, the price of gold had fallen by Tk 23,573 in four consecutive adjustments.

While gold prices continue to fluctuate sharply, the price of silver remains unchanged.

22-carat silver: Tk 4,246 per bhori

21-carat silver: Tk 4,047

18-carat silver: Tk 3,476

Traditional silver: Tk 2,601

Market insiders say the repeated adjustments reflect the volatility in the global bullion market and shifts in the local dollar exchange rate, which continue to influence gold import and pricing trends in Bangladesh.