Gold Prices See Sudden Correction in Bangladesh After Recent Surge
Just one day passed when the Bangladesh Jewellers Association (BAJUS) lifted prices over Tk 8,000 per bhori. BAJUS then cut prices soon after. The change shows that local gold prices often jump or fall when demand and supply shift.
Price Adjustment Details
From Friday, BAJUS set the new cost of 22-carat gold to Tk 200,296 per bhori. The rate was brought down by Tk 2,613. Yesterday, the price jumped up by Tk 8,900, which brought the cost to Tk 202,709 per bhori. On October 22, gold reached Tk 217,000 per bhori. That level had never been seen before in Bangladesh.
Gold of 21-carat now costs Tk 190,998 per bhori. Gold of 18-carat goes for Tk 163,716 per bhori, while traditional method gold now stands at Tk 136,014 per bhori. Numbers like these show a change in the worth of pure gold in local shops.
When a person buys gold, there is a 5% government tax. A making charge of at least 6% also adds to the price. The making charge may change with the kind of design and how fine the work is.
Market Volatility and Frequent Revisions
This year, BAJUS changed gold prices 72 times. In instances, prices climbed 49 times and lowered 23 times. In 2024, price changes happened 62 times. In that period, rates rose 35 times and fell 27 times. These many shifts show how sensitive gold is to world prices, changes in currency, and local buying habits.
Silver Prices Stable
Silver stayed stable while gold shifted. The cost of 22-carat silver remains Tk 4,246 per bhori. Silver of 21-carat is set at Tk 4,047 per bhori, 18-carat is marked at Tk 3,476, and traditional silver runs at Tk 2,601 per bhori. Fewer changes this year help keep silver steady compared to gold.
Implications for Consumers and Investors
For buyers and those who save money with gold, these quick changes mean it helps to check daily trends. BAJUS adjusts prices to match world rates while watching local factors. Gold stays a favorite as an investment and part of local culture. The recent jump and drop show that gold can change fast. Consumers must watch these shifts when they choose to buy gold.
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📝 About This Article
This article was generated by Hivebox AI in collaboration with AuCan Gold.
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⚠️ Disclaimer
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Please consult with a qualified financial advisor before making any decisions related to investments, markets, or assets.
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