Gold Prices Rise Again After Two Consecutive Cuts

Gold prices have increased again in Bangladesh following two consecutive price reductions, according to the Bangladesh Jewellers Association (BAJUS). Under the latest revision, the price of 22-carat gold has been raised by Tk 3,266 per bhori to Tk 220,858, including VAT. The new rate came into effect at 10am on Monday (November 2).

In a notice issued on Monday morning, BAJUS said the price adjustment was made after reviewing the overall market situation, particularly the increase in the price of locally sourced pure gold, known as Tejabi gold.

With the latest adjustment, 22-carat gold is now selling at Tk 220,858 per bhori, compared with the previous price of Tk 217,592. The increase marks a reversal in the market trend after two successive price cuts.

BAJUS has also issued guidelines for selling gold jewellery and exchanging or purchasing old gold. According to the association, making charges will depend on the design and type of jewellery. Since VAT is already included in the selling price of gold and silver ornaments, jewellers cannot collect additional VAT from customers.

Under the guidelines, jewellers must deduct 12 percent when customers exchange old jewellery and 18 percent when purchasing old gold, after excluding making charges and stone prices. However, no separate VAT deduction is permitted in either transaction.

The revised prices will remain effective at all jewellery shops across the country until further notice, BAJUS said.

Before the latest announcement, BAJUS reduced gold prices on the morning of October 31. At the time, the price of 22-carat gold was cut by Tk 5,482 per bhori to Tk 217,592, including VAT. The latest increase follows that reduction.

Under the prices announced on October 31, 21-carat gold was priced at Tk 207,794 per bhori, while 18-carat gold cost Tk 178,459. The price of traditional-method gold was set at Tk 145,800 per bhori.

According to BAJUS data, gold prices in the domestic market have been adjusted 131 times so far this year. Prices were increased on 63 occasions, reduced on 67 occasions and VAT was adjusted once.

In 2025, gold prices were revised a total of 93 times. Of those adjustments, prices increased 64 times and decreased 29 times.

Frequent price revisions have required both buyers and sellers to regularly adapt to changing market rates. Following the latest increase, consumers planning to purchase gold will now have to pay more.