Gold price sees year's steepest drop after 8 consecutive hikes

After eight consecutive price hikes, the Bangladesh Jewellers Association (BAJUS) has slashed gold prices by over Tk 8,000 per bhori, marking the steepest single-day drop of the year.

According to a BAJUS press release issued Wednesday night, the price of 22-carat gold has been reduced by Tk 8,386 per bhori (11.664 grams), bringing it down to Tk 2,08,996, the sharpest decline recorded in 2025.

The new rates will come into effect from Thursday.

BAJUS said the latest adjustment was made considering a fall in the price of pure gold (tejabi gold) in the local market.

Under the new rates, the price of 21-carat gold has been set at Tk 1,99,501 per bhori, 18-carat gold at Tk 1,70,994 per bhori, and traditional gold at Tk 1,42,219 per bhori.

The association also said the government-fixed 5% VAT and BAJUS-determined minimum making charge of 6% must be added to the selling price. However, making charges may vary depending on the design and craftsmanship of jewellery.

BAJUS last revised the gold price on October 19, when it raised the price by Tk 1,050 per bhori, setting a record high of Tk 2,17,382 per bhori for 22-carat gold.

With the latest revision, BAJUS has adjusted gold prices a total of 67 times this year, increasing them 48 times and reducing them 19 times.