Bangladesh jewellers cut gold, silver prices in domestic market
Bangladesh's domestic bullion market is seeing a fresh price revision just days after the last increase, with jewellers lowering rates for multiple grades of gold and silver ornaments from 10 a.m. on 13 October. The move reduces the price of 22-carat gold by Tk3,266 per bhori to Tk228,031 and follows a decline in the local price of pure gold.
Highlights
- Bangladesh Jewellers Association cuts gold prices effective 13 October, with 21-carat gold now Tk217,767 per bhori, down Tk3,149.
- Silver prices also fall, with 22-carat silver ornaments now priced at Tk4,199 per bhori, a reduction of Tk117.
- This reduction follows a gold price increase just four days earlier on 9 October, highlighting continued pricing volatility in Bangladesh's bullion and retail markets.
Revised ornament rates take effect
The Business Standard reports that the Bangladesh Jewellers Association, or Bajus, has cut gold prices in the domestic market after a fall in the price of pure, or tejabi, gold locally. The association says the decision is taken at a meeting of its Standing Committee on Pricing and Price Monitoring, and the new rates take effect from 10 a.m. on 13 October.Under the revised pricing, 21-carat gold sells at Tk217,767 per bhori, down Tk3,149, while 18-carat gold is priced at Tk187,032, down Tk2,683. Gold made under the traditional method now costs Tk152,798 per bhori, a reduction of Tk2,158.
Bajus also lowers silver ornament prices. A bhori of 22-carat silver now costs Tk4,199, down Tk117, while 21-carat silver is priced at Tk4,966 per bhori after a Tk175 cut. The price of 18-carat silver falls by Tk117 to Tk3,441, and traditional-method silver is now Tk2,624 per bhori, down Tk59.
Market context after last week's increase
The latest adjustment comes four days after Bajus last raised gold prices on 9 October, when the price of 22-carat gold increased by Tk2,216 to Tk231,297 per bhori. That earlier revision had set 21-carat gold at Tk220,916 per bhori, 18-carat gold at Tk189,715, and traditional-method gold at Tk154,956.The back-to-back changes indicate continued volatility in Bangladesh's jewellery pricing, with local bullion costs feeding quickly into retail ornament rates. For buyers and traders, the latest revision eases costs across both gold and silver categories in the domestic market.
Our earlier article on gold’s post-rally pullback explained how a stronger U.S. dollar and rising bond yields can pressure bullion prices, even when longer-term support remains in place. It also noted potential buffers such as seasonal demand from China and ongoing central-bank buying, which can help limit downside during volatile macro periods.
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