The Bangladesh Jewellers Association (BAJUS) announced another reduction in gold prices on Friday morning, marking the fourth consecutive cut in the domestic market. The latest adjustment, effective from 10:00am, reflects a continued downturn in global bullion prices.
In the latest move, the price of 22-carat gold was reduced by Tk 2,158 per bhori, bringing it down to Tk 219,808. According to the new rate sheet, 21-carat gold now sells at Tk 209,894 per bhori, a decrease of Tk 2,100. The price of 18-carat gold has also been lowered accordingly.
Breakdown of consecutive cuts
According to BAJUS, the previous reductions took place on November 6 and November 11, when prices were cut by Tk 2,741 per bhori on each occasion, totalling Tk 5,482. Another reduction of Tk 2,216 was implemented on Thursday. With Friday's cut of Tk 2,158, the cumulative decline over the four rounds stands at Tk 9,856 per bhori.Market context over the past month
The current price is the lowest since October 1, BAJUS said. In contrast, between November 2 and November 5, gold prices had surged by nearly Tk 12,000 per bhori, crossing the Tk 229,000 mark. The subsequent fall in international bullion prices triggered the ongoing downward adjustment in the domestic market.BAJUS officials indicated that the new rates have been set in line with global market trends. Further changes in domestic prices may follow depending on international market movements in the coming days.
