[🇧🇩] Jewelry Industry in Bangladesh

[Saif]

Bronze jewellery of Gopalganj recognised as GI product

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

www.newagebd.net

Bronze jewellery of Gopalganj recognised as GI product
Bangladesh Sangbad Sangstha . Gopalganj 12 July, 2024, 22:38

| 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.​

 

[Saif]

Gold price hits all-time high in Bangladesh

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 th

thefinancialexpress.com.bd

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

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.​

 

[Saif]

Gold price hits new record high of Tk 127,942 per bhori

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 stat

thefinancialexpress.com.bd

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

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.​

 

[Saif]

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

The price of gold will increase by 2.8 percent from the previous rate of Tk 126,321 a bhori, which has been effective since September 2.

www.thedailystar.net

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

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.​

 

[Saif]

Gold price rises by Tk 3044 a bhori, hits all-time high of Tk 138708

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

thefinancialexpress.com.bd

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

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.​

 

[Saif]

Gold price cut by Tk 1,259 per bhori

The prices of gold have been revised downward due to a fall in pure gold prices in the local market. Bangladesh Jewellers’ Association (Bajus) on Saturday reduced the price of 22-carat gold by Tk 1,259, fixing the price of the high-quality gold per bhori (11.664 grammes) at Tk 137,449. The

thefinancialexpress.com.bd

Gold price cut by Tk 1,259 per bhori
FE Online Desk
Published :
Sep 28, 2024 20:33
Updated :
Sep 28, 2024 20:33

The prices of gold have been revised downward due to a fall in pure gold prices in the local market.

Bangladesh Jewellers’ Association (Bajus) on Saturday reduced the price of 22-carat gold by Tk 1,259, fixing the price of the high-quality gold per bhori (11.664 grammes) at Tk 137,449.

The new rate would come into effect from Sunday, BAJUS said in a statement.​

 

[Saif]

Gold price crosses Tk 1.4 lakh per bhori

The price of gold in Bangladesh is set to break all previous records as it will cross Tk 1.4 lakh per bhori (11.66 grams) today, according to a statement by the Bangladesh Jewellers Association (Bajus)..Bajus said it asked its members to follow the new rate from Sunday due to the increased

www.thedailystar.net

Gold price crosses Tk 1.4 lakh per bhori

The price of gold in Bangladesh is set to break all previous records as it will cross Tk 1.4 lakh per bhori (11.66 grams) tomorrow, according to a statement by the Bangladesh Jewellers Association (Bajus).

Bajus said it asked its members to follow the new rate from Sunday due to the increased price of pure gold in the domestic market.

As per the decision, the price for each bhori of gold will rise by about 2 percent from the previous rate of roughly Tk 1.38 lakh fixed on September 28.

The price of gold in Bangladesh has been rising steadily for more than a year, crossing the Tk 1 lakh per bhori mark for the first time in July 2023.​

 

[Saif]

Gold prices hit new record

Gold price will be Tk 1,41,950 a bhori, the highest in the history of Bangladesh, with effect from tomorrow

www.thedailystar.net

Gold prices hit new record

Gold price will be Tk 1,41,950 a bhori, the highest in the history of Bangladesh, with effect from tomorrow.

The previous price of each bhori or 11.664 grammes of 22-carat gold ornaments was Tk 1,40,061.

The standing committee on pricing and price monitoring of the Bangladesh Jewellers' Association (Bajus) today in a meeting took the decision of raising the price citing an increase in pure gold prices in the local market.

The price of gold in Bangladesh has been rising steadily for more than a year.

In July last year, the price of gold crossed the Tk 100,000-mark for the first time in Bangladesh.

Gold prices have been rising for more than a year, influenced by hikes in the international market and volatility in its supply in the domestic market.

Although Bangladesh does not import any significant quantity of gold, its prices are almost linked with international trends.

In Bangladesh, the annual demand for gold stands in between 20 and 40 tonnes.

About 80 percent of the demand is met through smuggled gold.​

 

[Saif]

Jewellers cut gold prices by Tk 3,452 a bhori

From tomorrow, each bhori of 22-carat gold will cost Tk 138,708

www.thedailystar.net

Jewellers cut gold prices by Tk 3,452 a bhori
From tomorrow, each bhori of 22-carat gold will cost Tk 138,708

The jewellers have cut gold prices by Tk 3,452 a bhori for the domestic market thanks to a drop in the rates of pure gold in the local market.

From Friday, the price of each bhori or 11.664 grams of 22-carat gold ornaments will be Tk 138,708, down from Tk 142,160 earlier.

The standing committee on pricing and price monitoring of Bangladesh Jewellers Association took the decision at a meeting in Dhaka today, the association said in a statement.

The country witnessed the price of gold to rise above Tk 1 lakh per bhori for the first time on July 20 last year.​

 

[Saif]

Bangladesh’s gold market sees volatility with prices changing 62 times

Bangladesh’s gold market has witnessed serious volatility in 2024, with gold prices fluctuating 62 times throughout the year. Of these fluctuations, the price has increased 35 times and decreased 27 times. The first price of gold this year was fixed on January 18, with the price of a bhori

thefinancialexpress.com.bd

Bangladesh’s gold market sees volatility with prices changing 62 times
UNB
Published :
Dec 30, 2024 21:20
Updated :
Dec 30, 2024 21:20

Bangladesh’s gold market has witnessed serious volatility in 2024, with gold prices fluctuating 62 times throughout the year.

Of these fluctuations, the price has increased 35 times and decreased 27 times.

The first price of gold this year was fixed on January 18, with the price of a bhori of 22-carat gold set at Tk 1,12,441.

As of December 30, the price of a bhori of 22-carat gold was fixed at Tk 1,38,288. This marks an increase of Tk 25,847 from the price at the start of the year.

The Bangladesh Jewelers’ Association (Bajus) is responsible for determining the gold prices in the country.

According to the decision made in a meeting of the Bajus Standing Committee on Pricing and Price Monitoring, the price of the highest quality gold – 22-carat gold – was reduced by Tk 1,050 to Tk 1,38,288 on December 30.

Besides, the price of 21-carat gold was reduced by Tk 1,004, bringing the price per bhori to Tk 1,32,014.

The price of 18-carat gold was lowered by Tk 863, now priced at Tk 1,13,141 per bhori.

Traditional gold had also seen a reduction of Tk 735, with a new price of Tk 92,869 per bhori. These are the current prices at which gold is being sold in the country’s market.

According to Bajus, the highest price for a 22-carat gold bhori this year was Tk 1,43,526.

Gold was sold at this price from October 31 to November 3. On the other hand, the lowest price for a 22-carat gold bhori in 2024 was Tk 1,10,691, which was the price from January 19 to March 6.​