Dhaka, Jan 31 (V7N) — The price of gold in the domestic market has fallen sharply, dropping by more than Tk 30,000 per bhori within just two days, following a decline in international gold prices.

The Bangladesh Jewelers Association (BAJUS) announced the latest price adjustment on Saturday, saying the decision was taken due to a decrease in the price of pure gold and silver in the global market. The new prices came into effect from 10:00 am today.

Earlier, on Friday (January 30), BAJUS had reduced gold prices by a maximum of Tk 14,600 per bhori. A further reduction was implemented on Saturday.

According to the latest pricing, the price of 22-carat hallmarked gold per bhori (11.664 grams) has been fixed at Tk 255,616.

On Thursday, the price of 22-carat gold stood at Tk 286,001 per bhori, which was the highest in the country’s history. As a result, gold prices have fallen by Tk 30,385 per bhori in just two days.

Updated Gold Prices Per Bhori

  • 22-carat: Tk 255,616

  • 21-carat: Tk 244,010

  • 18-carat: Tk 209,655

  • Traditional method: Tk 171,895

Gold Prices Per Gram

  • 22-carat: Tk 21,915

  • 21-carat: Tk 20,920

  • 18-carat: Tk 17,930

  • Traditional method: Tk 14,735

BAJUS said the decision was taken unanimously by its Standing Committee on Pricing and Price Monitoring, considering the overall market situation and the decline in international prices of refined gold and silver.

Market analysts believe the sharp correction may bring some relief to buyers after weeks of record-breaking price hikes, though future prices will depend largely on trends in the global bullion market.

END/SMA/AJ