Gold prices have decreased once again in the domestic market. On November 14, the price was reduced by a maximum of Tk 2,216 per bhori in a single adjustment. Over the past few weeks, gold prices have fallen by a total of Tk 12,000 per bhori across five phases.

New market rates

The Bangladesh Jewellers Association (BAJUS) determines gold prices in the country. According to the new rates effective November 14, the price of 22-carat gold has been reduced by Tk 2,216 per bhori. As a result, buyers will now need to spend less to purchase gold of this purity.

Price decline across five phases

A downward trend in the gold market has been observed since the beginning of this month. Over the course of five adjustments, the price has dropped by a cumulative Tk 12,000 per bhori. Traders say this continuous decline has brought some relief to customers.

Market impact

Retail sellers report that the reduction in gold prices has renewed interest among buyers looking to purchase new ornaments. However, industry insiders note that prices may fluctuate further depending on the international market and local demand.