Gold prices in the domestic market have fallen for the second consecutive day. On Thursday (November 12), the price was reduced by a maximum of Tk 2,216 per bhori.
The previous day, Wednesday, saw a reduction of Tk 2,741 per bhori. In total, gold has become cheaper by nearly Tk 5,000 per bhori over the past two days.
However, silver prices remain unchanged during this period.
The Bangladesh Jewellers Association (BAJUS) announced the new gold prices at 10:00 am on Thursday. According to the new rates, the price of 22-carat gold is now Tk 221,966 per bhori. The price of 21-carat gold is Tk 211,993, 18-carat gold is Tk 182,075, and traditional-method gold is Tk 148,774 per bhori.
Consecutive Price Declines
This marks the third consecutive reduction in gold prices this month. Last Friday, the price was also cut by Tk 2,741 per bhori. In total, gold prices have decreased by Tk 7,698 per bhori over the last three adjustments. Prior to this, gold prices had been increased in three consecutive adjustments, during which the price of 22-carat gold rose by Tk 12,072 per bhori.Market insiders say domestic prices are being adjusted in line with fluctuations in the international bullion market. Local demand and supply conditions also play a role in determining prices.
