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[🇧🇩] Jewelry Industry in Bangladesh
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Bronze jewellery of Gopalganj recognised as GI product
Bangladesh Sangbad Sangstha . Gopalganj 12 July, 2024, 22:38

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| BSS photo

Bronze jewellery of Gopalganj has been recognised as a geographical indication product. This is the second product from the district to get this recognition.

Earlier, Rosogolla from Gopalganj received GI recognition as the first product in the district.

Deputy commissioner Kazi Mahbubul Alam confirmed the matter to BSS, and said that the Department of Patents, Industrial Designs and Trademarks under the Ministry of Industries published the journal on Thursday.

This publication, made in accordance with Section 12 of the Geographical Indication of Goods (Registration and Protection) Act, 2013, officially registered Gopalganj's bronze jewellery as a GI product.

This recognition is expected to promote the tradition of bronze jewellery from Jalirpar union under Muksudpur upazila globally.

'We believe it will also help improve employment opportunities and the living standards of artisans involved in bronze jewellery making. The bronze industrial economy will become more dynamic, leading to an overall improvement in the socio-economic condition of the area,' added the DC.

On March 12, the district administration applied to the concerned ministries and departments for recognition of the GI product of bronze jewellery of Jalirpar union.

Subhash Baidya, a businessman of bronze market and former member of ward no 7 of Jalirpar union under Muksudpur upazila, said: 'The village is well-known for making bronze jewellery for about 100 years. Over time, it has spread from house to house throughout Jalirpar union, gaining national fame. Eventually, the reputation of Jalirpar's bronze jewellery reached foreign markets.'

He added that recently, bronze jewellery from various countries, including India, has captured about 50 per cent of the local market.

Despite this competition, the bronze jewellery industry of Jalirpar has been sustained by hundreds of families. There are still 45 shops in the Jalirpar union bronze market where bronze jewellery is sold, he added.

Jagdish Sheel, a bronze jewelery maker from Jalirpar village, said that if the government modernised this industry and provided training and all kinds of supports, they would be able to maintain the hundred-year tradition of bronze jewellery.

This industry will make the country's economy more prosperous and dynamic, he added.​
 

Gold price hits all-time high in Bangladesh
FE ONLINE DESK
Published :
Aug 20, 2024 23:17
Updated :
Aug 20, 2024 23:17

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Gold price in Bangladesh has been raised again. The price of the highest quality 22-carat gold has been increased by Tk 1,517 per bhori (11.664 grams), setting the new price at Tk 124,502 per bhori. This marks the highest gold price in the history of the country.

The price hike is attributed to the increase in the price of pure gold (acid gold) in the local market. The new prices will come into effect from Wednesday (August 21), as announced by Bangladesh Jewellers Association (BAJUS).

The decision to raise the price was made during a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring on Tuesday.​
 

Gold price hits new record high of Tk 127,942 per bhori
FE ONLINE DESK
Published :
Aug 26, 2024 00:10
Updated :
Aug 26, 2024 00:10

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Gold prices in the country hit a historic high of Tk 127,942 a Bhori and the Bangladesh Jewellers Association (Bajus) decided to make the rate effective from Monday.

The local jewellers raised the price of the highest quality 22-carat gold by Tk 1,936 per bhori (11.664 grams), Bajus said in a statement on Sunday.

The price hike has been attributed to the increase in the price of pure gold (acid gold) in the local market.​
 

Gold to hit close to Tk 130,000 per bhori for first time

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Gold prices are set to hit around Tk 130,000 per bhori (11.664 grammes) tomorrow as the Bangladesh Jewellers' Association (Bajus) hiked the rates citing an increase in the cost of pure gold.

The price of gold, a popular metal among people from all walks of life, will increase by 2.8 percent from the previous rate of Tk 126,321 a bhori, which has been effective since September 2.

Today, the Bajus advised its members to sell gold at Tk 11,137 per gramme from Sunday, up from Tk 10,830 per bhori.

The price of the precious metal is set to break the previous record of Tk 127,942 a bhori, announced on August 25, this year.

Bangladesh's estimated annual demand for gold currently stands between 20 and 40 tonnes. Around 80 percent of the demand is met by smuggled gold, according to industry people.​
 

Gold price rises by Tk 3044 a bhori, hits all-time high of Tk 138708
FE ONLINE DESK
Published :
Sep 25, 2024 21:14
Updated :
Sep 25, 2024 21:15

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The price of gold in Bangladesh has surged once again, setting a new all-time high. The price of the best quality gold, 22-carat, has risen by Tk 3,044 per bhori (11.664 grams), bringing the new price to Tk 138,708.

This latest hike is attributed to a rise in the price of refined gold in the local market. The new prices will come into effect on Thursday (September 26), the Bangladesh Jewellers Association (BAJUS) said.​
 

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