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[🇧🇩] Jewelry Industry in Bangladesh

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[🇧🇩] Jewelry Industry in Bangladesh
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Gold price rises by Tk 5,342 per bhori, hits record high
FE ONLINE DESK
Published :
Apr 22, 2025 20:44
Updated :
Apr 22, 2025 20:48

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Gold prices have been revised upwards again in the country, with the rate of 22-carat gold rising by Tk 5,342 to Tk 177,888 per bhori (11.664 grams).

The new price will take effect from Wednesday, the BAJUS said in a statement. The

Earlier on Sunday, BAJUS had set the price of 22-carat gold at Tk 172,545 per bhori, effective from Tuesday.​
 

Gold price slashed by Tk 3,570 per bhori
FE Online Desk
Published :
May 03, 2025 20:28
Updated :
May 03, 2025 20:32

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The prices of gold have been revised downward in the country 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 3,570, fixing the price of the high-quality gold per bhori (11.664 grammes) at Tk 168,976.

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

According to the latest tariff, 21-carat gold will be sold at Tk 161,301 per bhori, 18-carat at Tk 138,253 per bhori and traditional gold at Tk 114,296 per bhori.​
 

Bajus increases gold price by Tk 2,310 per bhori
UNB
Published :
May 05, 2025 21:21
Updated :
May 05, 2025 21:21

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The Bangladesh Jewellers Association (Bajus) increased the price of gold again, with the price of pure gold up by Tk 2,310 per bhori, effective from Tuesday.

Earlier, Bajus had fixed the 22-carat gold price per bhori at Tk 1,68,976 on Saturday, effective from Sunday.

Masudur Rahman, Chairman of Bajus's Price Determination and Price Monitoring Standing Committee, on Monday (May 5), in a notification, informed this.

Accordingly, on Monday, the price of 22-carat gold rose by Tk 2,310 per bhori, setting the new rate at Tk 171,286 per bhori.

In a press release, Bajus stated that the price adjustment was made due to an increase in the value of pure gold hallmarked gold in the local market. Considering the overall situation, the association has determined the new gold prices.

According to the new rates, the price of gold per bhori (11.664 grams) in the Bangladesh market will be:

22 Carat: Tk 171,286 per bhori
21 Carat: Tk 163,494 per bhori
18 Carat: Tk 140,143 per bhori
Traditional Method: Tk 115,905 per bhori

Bajus also informed that the government-mandated 5 percent VAT and the minimum making charge of 6 percent must be added to the price of gold. The making charges may vary depending on the design and quality of the jewelry.

Previously, BAJUS had last adjusted the gold prices on May 3, reducing the price of 22-carat gold by Tk 3,570 to Tk 168,976 per bhori. The prices for 21-carat gold were set at Tk 161,301 per bhori, 18-carat gold at Tk 138,253 per bhori, and gold of the traditional method at Tk 114,296 per bhori, effective from May 4.

This marks the 28th adjustment of gold prices in the country this year, with prices increasing 20 times and decreasing only 8 times. In 2024, gold prices were adjusted a total of 62 times, with 35 increases and 27 decreases.

Despite the increase in gold prices, the price of silver remains unchanged in the domestic market. The selling price of 22-carat silver is Tk 2,811 per bhori. The prices for 21-carat silver are Tk 2,683 per bhori, 18-carat silver at Tk 2,298 per bhori, and silver of the traditional method at Tk 1,726 per bhori.​
 

Gold price reduced by Tk3137 per bhori, effective from Tuesday
UNB
Published :
May 12, 2025 22:50
Updated :
May 12, 2025 22:50

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Bangladesh Jewelers Association (Bajus) has reduced the price of gold by Tk 3137 per bhori from Tuesday.

According to the new price, the price of a bhori of the good quality 22-carat gold will be Tk 167,623, which was sold at Tk1,70,761 per bhori on Monday.

The Bajus notification stated that the price of pure gold (acid gold) has decreased in the local market. As a result, the new price of gold has been determined considering the overall situation.

According to the new prices, the price of the best quality or 22-carat gold per bhori (11.664 grams) has been fixed at Tk 1,67,623, 21-carat gold per bhori at Tk1,59,995, 18-carat gold per bhori at Tk1,37,145 and the price of traditional gold per bhori at Tk1,13,339.

The previous price was for the best quality or 22-carat gold per bhori at Tk 170,761, 21-carat gold per bhori at Tk1,63004, 18-carat gold per bhori at Tk1 39711 and the price of traditional gold per bhori at Tk115532.

Although the price of gold has increased, the price of silver has remained unchanged.​
 

Gold price to go down by Tk 3452 per bhori from Friday
UNB
Published :
May 15, 2025 22:51
Updated :
May 15, 2025 22:51

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Bangladesh Jewelers Association (Bajus) has decreased the price of gold by Tk 3452 per bhori effective from Friday.

The Bajus has fixed the price of a bhori of 22-carat gold at Tk165,734 per bhori, which was sold at Tk 169,186 per bhori on Thursday.

The Bajus notification stated that the price of pure gold (acid gold) has decreased in the local market. As a result, the new price of gold has been determined considering the overall situation.

According to the new prices, the price of 22-carat gold per bhori (11.664 grams) has been fixed at Tk 1,65,734, 21-carat gold per bhori at Tk 1,58,199, 18-carat gold per bhori at Tk1,35, 606 and the price of traditional gold per bhori at Tk 1,12,033.

On Thursda,y the price of gold was 22-carat per bhori (11.664 grams) at Tk 169,186, 21-carat per bhori at Tk1,61,499, 18-carat per bhori at Tk1,38, 428 and the price of traditional gold per bhori at Tk 1,14,435.

Although the price of gold has increased, the price of silver has remained unchanged.​
 

Gold price increases, Tk 167,098 per bhori

FE ONLINE DESK
Published :
May 17, 2025 23:29
Updated :
May 17, 2025 23:29

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The price of gold in Bangladesh has been increased. The rate for 22-carat gold—the highest quality—has gone up by Tk 1,364 per bhori (11.664 grams), setting the new price at Tk 167,098 per bhori.

This hike follows a rise in the price of raw (tejabi) gold in the local market. The new prices will take effect from Sunday, May 18, according to the Bangladesh Jewellers Association (BAJUS).

The pricing decision was made on Saturday, May 17, during a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring, and announced in a statement signed by Committee Chairman Masudur Rahman, says local media.

Notably, gold prices have fluctuated nine times within the first 18 days of May—either increasing or decreasing.

New gold prices per bhori (effective May 18):

22-carat: Tk 167,098 (up Tk 1,364)

21-carat: Tk 159,505 (up Tk 1,306)

18-carat: Tk 136,714 (up Tk 1,108)

Traditional method: Tk 112,978 (up Tk 946)

Previously, on May 16, the price of 22-carat gold had been decreased by Tk 3,450 to Tk 165,734.

Silver prices remain unchanged:

22-carat: Tk 2,811

21-carat: Tk 2,683

18-carat: Tk 2,298

Traditional method: Tk 1,726​
 

Gold price increases by Tk 2,823 per bhori
FE Online Desk
Published :
May 21, 2025 22:41
Updated :
May 21, 2025 22:41

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The price of gold in Bangladesh has surged once again.

The price of the best quality gold, 22-carat, has risen by Tk 2,823 per bhori (11.664 grams), bringing the new price to Tk 169,921.

The Bangladesh Jewellers Association (BAJUS) has attributed the latest hike to a rise in the price of refined gold in the local market.

The new price will come into effect on Thursday, BAJUS said.​
 

Gold price increases by Tk 172,336 per bhori

FE Online Desk
Published :
Jun 05, 2025 23:21
Updated :
Jun 05, 2025 23:51

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The price of gold has gone up just a day before Eid. The best quality (22-carat) gold now costs Tk 172,336 per bhori, up to Tk 2,415 per bhori (11.664 grams).

The cause for this price increase is the rise in refined (Tejabi) gold prices on the local market. The new price will take effect on June 6, according to the Bangladesh Jewellers' Association (BAJUS).
FE

The BAJUS Standing Committee on Pricing and Price Monitoring resolved to increase the price of gold at a meeting on June 5. The chairman of the committee, Masudur Rahman, later signed a press statement announcing the information.

Gold prices had already been raised in two stages on May 18 and May 22. This recent price change has been attributed by BAJUS once more to the local market's growing price of refined gold.​
 

Restrictions on jewellery imports raise fears of further gold price hikes

Shuvonkar Karmokar Dhaka
Published: 10 Jun 2025, 13: 23

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Gold prices are rising steadily due to ongoing global instability, putting increasing pressure on middle- and lower-income buyers, especially those looking to purchase jewellery for family events such as weddings.

The jewellery business itself is also facing deeper challenges. Despite the era of free trade, consumers in Bangladesh are forced to buy gold jewellery at significantly higher prices than in many international markets.

As of now, the price of 22-carat gold in the domestic market stands at Tk 172,336 per bhori. At the end of 2024, the price was Tk 140,586 , marking a Tk 31,750 increase in just six months.

So, how much higher are gold prices in Bangladesh compared to Dubai and India? According to the Dubai Jewellery Group’s website, the price of a 22-carat gold bar was 4,318 dirhams on Monday, equivalent to Tk 143,677 in Bangladeshi currency.

Meanwhile, the website of the Bullion and Jewellers Association of India reported that the price per bar in Indian jewellery shops was INR 108,965 yesterday, equivalent to Tk 155,432.

This means a 22-carat gold bar is Tk 28,659 cheaper in Dubai than in Bangladesh, and Tk 16,904 cheaper in India.

When asked about the significant price gap between Bangladesh and international markets, leaders of the Jewellers Association offered only brief explanations. They pointed out that while many other countries have a ‘commodity exchange’ system for trading gold, no such mechanism exists in Bangladesh.

Moreover, commercial import of gold is virtually non-existent. A large portion of the country’s demand is met through gold brought in under baggage rules — with customs duties paid. Some of the demand is also met through recycled old jewellery.

However, there are widespread allegations that a substantial amount of gold is entering the country illegally.

The Ministry of Commerce introduced a gold policy in 2018 to bring transparency to the country’s gold business. The following year, Bangladesh Bank issued import licences to 18 institutions—including one bank—for commercial gold import. Later, one more institution received a licence.

Initially, a few consignments were imported by some of these institutions. However, over time, imports came to a halt. Traders reportedly lost interest in importing gold due to several factors: the ongoing dollar crisis, delays in obtaining government permission, and high VAT rates.

Against this backdrop, the government halved the allowance for bringing gold under baggage rules in the 2023–24 fiscal year, from 234 grams to 117 grams. The import duty was also doubled, rising from Tk 2,000 to Tk 4,000 per bhori.

In the proposed budget for the upcoming fiscal year, these restrictions have been tightened further. Previously, a returning passenger could bring in one gold bar weighing 117 grams per trip under baggage rules. That provision has now been revoked. Passengers will now be allowed to bring in a gold bar only once a year upon payment of duty.

In addition, the duty on gold bars has been raised from Tk 4,000 to Tk 5,000 per bhori (11.664 grams). That means bringing in a single gold bar will now cost Tk 50,000 in duty.

Restrictions have also been imposed on gold jewellery. Previously, a passenger could bring up to 100 grams of gold jewellery duty-free each time they returned from abroad. Under the new rules, only 100 grams can be brought in duty-free per year, regardless of the number of trips. This provision has already come into effect.

A senior leader of the Jewellers’ Association, speaking on condition of anonymity, said that since there is no legal commercial import of gold and no gold refining factory in Bangladesh, tightening baggage rules was unwise. “This will lead to a rise in illegal imports and cause further instability in gold prices,” the leader warned.

Ahead of the national budget for the next fiscal year, the Jewellers’ Association made several proposals. These included reducing VAT on gold and silver jewellery sales from 5 per cent to 2 per cent, exempting VAT when purchasing gold from licensed dealers, setting up a one-stop service centre at airports for gold importers, and offering a 10-year tax holiday for establishing gold refining factories.

In pre-budget discussions with the National Board of Revenue (NBR), the association also proposed tightening baggage rules, while simultaneously easing procedures for commercial import. Ultimately, the NBR adopted only the baggage restriction proposal.

Commenting on the issue, Anowar Hossain, an executive member of the Jewellers’ Association, told Prothom Alo, “Instead of simplifying gold imports, stricter baggage rules will worsen the crisis. Where will the gold come from? There is no import, and no refining facility. Under current conditions, illegal gold imports—i.e., smuggling—are likely to increase.”​
 

Gold prices go up again in Bangladesh within 10 days

Published :
Jun 14, 2025 22:54
Updated :
Jun 14, 2025 22:54

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The Bangladesh Jewellers Association (BAJUS) has increased gold prices by Tk 2,192 per bhori, less than 10 days after the last hike just ahead of Eid.

According to a press release issued by BAJUS on Saturday night, the new prices will come into effect from Sunday, UNB reports.

As per the revised rates, the price of 22-carat gold has been set at Tk 174,528 per bhori (11.664 grams).

BAJUS said the price of pure gold in the local market has gone up, prompting the latest price adjustment after reviewing the overall situation.

Following the new pricing structure, the cost of 21-carat gold now stands at Tk 166,597 per bhori, while 18-carat gold will be sold at Tk 142,802 per bhori. Gold made using traditional methods will cost Tk 118,168 per bhori.

Buyers will also have to pay a mandatory 5 percent government-fixed VAT and a minimum 6 percent BAJUS-set making charge along with the selling price.

BAJUS said the making charge may vary depending on the design and quality of jewellery.

On June 5, BAJUS last revised gold prices, increasing them by Tk 2,415 per bhori, setting the rate of 22-carat gold at Tk 172,336 per bhori.​
 

Gold prices decrease slightly

FE ONLINE DESK
Published :
Jun 24, 2025 22:45
Updated :
Jun 24, 2025 22:45

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Gold prices in Bangladesh have dropped slightly, with the price of top-quality 22-carat gold reduced by Tk 1,668 per bhori (11.664 grams), setting the new rate at Tk 172,860. The Bangladesh Jewellers Association (BAJUS) announced the new prices will take effect from Wednesday (25 June), following a fall in the price of acid-refined (tejadi) gold in the local market.

The decision was made at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring on Tuesday (24 June), and was confirmed in a notice signed by committee chairman Masudur Rahman.

This marks the first price cut after four consecutive increases in May and June.

Under the new rates, 21-carat gold now costs Tk 164,999 per bhori, 18-carat gold is priced at Tk 141,426, and traditional gold at Tk 117,002. Silver prices remain unchanged, with 22-carat silver priced at Tk 2,811 per bhori.​
 

Gold prices drop by Tk 4,292 within a week

UNB
Published :
Jun 28, 2025 22:57
Updated :
Jun 28, 2025 22:57

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Gold prices have dropped once again in the local market, with the Bangladesh Jeweller's Association (BAJUS) reducing the price of 22-carat gold by Tk 2,624 per bhori, following a Tk 1,668 cut just four days earlier.

With the latest revision, the price of 22-carat gold now stands at Tk 170,236 per bhori (11.664 grams), effective from Sunday, BAJUS said in a statement issued on Saturday night.

As a result, the price of 22-carat gold has dropped by a total of Tk 4,292 per bhori in two phases within a week.

According to the statement, the price adjustment comes in light of a decline in the cost of pure gold (tejaabi gold) in the local market.

Under the new pricing, 21-carat gold will cost Tk 162,503 per bhori, 18-carat gold will sell for Tk 139,291, and traditional (sanatani) gold will be priced at Tk 115,170 per bhori.

In addition to the base price, consumers will have to pay a mandatory 5 per cent VAT as set by the government and a minimum 6 per cent making charge set by BAJUS.

But, the making charge may vary depending on the design and quality of the jewellery, the association noted.

BAJUS last revised gold prices on June 24, when it reduced the price of 22-carat gold by Tk 1,668 per bhori, setting it at Tk 172,860.

With this adjustment, gold prices in the country have been revised a total of 40 times so far this year — increased on 26 occasions and decreased only 14 times.​
 

Gold price surges by Tk 1,890 per bhori

Published :
Jul 01, 2025 23:56
Updated :
Jul 01, 2025 23:56

After two consecutive reductions, the price of gold in the domestic market has increased again.

The Bangladesh Jewellers Association (BAJUS) on Tuesday announced a hike of Tk 1,890 per bhori (11.664 grams) for 22-carat gold, setting the new price at Tk 172,126, UNB reports.

In a statement issued on Tuesday night, BAJUS said the revised rates would come into effect from Wednesday (July 2).

The association attributed the price adjustment to a rise in the cost of refined (pure) gold in the local market.

Considering the overall market situation, BAJUS decided to revise the rates accordingly.

As per the new rates, the price of 21-carat gold has been fixed at Tk 164,299 per bhori, while 18-carat gold will now cost Tk 140,831 per bhori.

Gold made following the traditional method (Sanatani) will be sold at Tk 116,488 per bhori.

The sale price of gold must include a government-fixed 5 percent VAT and a minimum 6 percent making charge as determined by BAJUS.

But, making charges may vary depending on the design and quality of the jewellery.

Earlier, on June 28, BAJUS last adjusted gold prices, lowering them by Tk 2,624 per bhori.

At that time, the price of 22-carat gold was set at Tk 170,236 per bhori.​
 

Gold price drops by Tk 1,575 per bhori in Bangladesh

Published :
Jul 07, 2025 23:22
Updated :
Jul 07, 2025 23:22

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The price of gold in Bangladesh has been reduced by Tk 1,575 per bhori, with the Bangladesh Jewellers Association (BAJUS) setting the new price of 22-carat gold at Tk 170,551 per bhori.

BAJUS announced the adjustment on Monday, taking into account the overall market situation and a decline in the price of pure gold (tejabi gold) in the local market, UNB reports.

The revised prices will come into effect on Tuesday.

According to the new pricing structure, the price of 22-carat gold has been fixed at Tk 170,551 per bhori (11.664 grams), while the price for 21-carat gold stands at Tk 162,794 per bhori. For 18-carat gold, the new rate is Tk 139,548 per bhori, and gold following the traditional method (sanatan) is priced at Tk 115,392 per bhori.

The retail price of gold must include a mandatory 5 percent VAT imposed by the government, along with a minimum making charge of 6 percent set by BAJUS. However, the making charge may vary depending on the design and quality of the jewellery.

The last revision of gold prices in the country took place on July 1, when BAJUS increased the price of 22-carat gold by Tk 1,890 per bhori, setting it at Tk 172,126.

So far this year, gold prices in the domestic market have been adjusted 42 times—rising on 27 occasions and falling 15 times.​
 

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