Gold Prices Plunge Again: Total Drop Reaches Tk 30,384 in Just Two Days

Domestic gold prices have witnessed another massive decline in Bangladesh. The Bangladesh Jewellers Association (BAJUS) has slashed the price of high-quality gold by Tk 15,746 per bhori in a single day. This new rate came into effect today, Saturday, at 10:00 AM.

This follows yesterday's reduction of Tk 14,638, meaning the price of 22-carat gold has plummeted by a total of Tk 30,384 per bhori within just 48 hours, providing significant relief to consumers after record-breaking highs earlier this week.

New Gold Rates (Per Bhori/11.664g)

Following the latest adjustment by the BAJUS Standing Committee on Pricing and Price Monitoring, the updated rates are:

Silver Prices Reduced

Mirroring the gold market, silver prices have also been revised downwards:

• 22-Carat: Tk 7,290 per bhori

• 21-Carat: Tk 6,940 per bhori

• 18-Carat: Tk 5,949 per bhori

• Traditional: Tk 4,432 per bhori

Why the Sudden Drop?

BAJUS attributed the price cut to a decline in the price of refined gold (Tejabi gold) in the local market, which was triggered by a cooling international market. Only on Thursday morning, gold prices had surged by a historic Tk 16,213 to reach a record Tk 2,86,000 per bhori. However, as global spot prices fell from over $5,500 to around $4,893 per ounce, the local association moved quickly to normalize domestic rates.