[🇧🇩] Jewelry Industry in Bangladesh

[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.​