In a swift follow-up to a recent price increase, the Bangladesh Jewellers Association (Bajus) has announced another rise in the price of gold, effective from tomorrow. The new rate, set at Tk 208,470 per bhori, reflects a 2% increase, or Tk 4,187, from yesterday’s market price. This marks the second consecutive price hike in just a short span of time, signaling a continuing upward trend in the price of gold in Bangladesh.
The latest surge follows an earlier adjustment that saw prices rise significantly. Gold, which is already a precious and cherished asset, is now costing considerably more, leaving many consumers and investors wondering what the future holds for this traditionally safe-haven investment. According to Bajus, the price increase is driven by a rise in the cost of pure gold in the domestic market, reflecting global market trends that are influencing local prices.
Why is the Price of Gold Increasing?
The main reason behind the recent hike, according to Bajus, is the rise in global gold prices. The international market has been experiencing fluctuations recently, and as the global economy faces uncertainties, investors are increasingly turning to gold as a safer investment. Gold, being a traditional hedge against inflation and economic instability, tends to appreciate during times of global economic uncertainty, and this trend is now being reflected in the Bangladeshi market.
At the same time, gold’s appeal is rising as concerns over the health of the global economy continue to grow. With central banks and governments around the world facing economic challenges, including inflation and financial instability, gold is often seen as a store of value. The current price hike in Bangladesh mirrors this global trend, as the price of gold rises in response to increased demand from investors seeking stability.
In addition to the global factors, Bajus also mentioned that the rise in the price of pure gold in the domestic market, which is tied to both international trends and local supply and demand dynamics, played a key role in this price adjustment.
Global Gold Market Trends and Impact
The timing of the price hike in Bangladesh comes on the heels of a sharp increase in global gold prices. On the international front, gold prices reached a near three-week high, fueled by expectations that the end of the US government shutdown and the release of upcoming economic data could lead the Federal Reserve to lower interest rates in the near future. Such expectations have driven up demand for gold, which is seen as an attractive asset during periods of economic uncertainty and low interest rates.
Spot gold saw a 0.3% increase, trading at $4,127.12 per ounce as of 1447 GMT. The price had earlier hit its highest level since October 23. This price spike follows a series of developments that have spurred investor interest in the yellow metal. Among these is the anticipation that the Federal Reserve, in response to weakening economic data, might consider cutting interest rates to stimulate the economy. Lower interest rates often make gold more attractive, as it offers a store of value without yielding returns like interest-bearing assets.
Historical Context of Gold Prices in Bangladesh
This recent surge in prices follows a series of highs that have already set records in Bangladesh’s gold market. On October 20, 2025, the price of gold reached an unprecedented high of Tk 217,381 per bhori (approximately 11.664 grams), which sent shockwaves through both the jewellery market and the broader economy. The record price was attributed to a combination of global and domestic factors, with the ongoing fluctuations in the price of pure gold on the international market contributing significantly.
With gold prices having reached these historical highs in recent months, many people are concerned about the future trajectory of gold prices. While gold is often seen as a safe investment, its rising price has caused some buyers to reconsider their purchasing decisions. For many, buying gold is not just about investment; it is also tied to cultural and traditional practices, such as weddings and other ceremonies, where gold plays a significant role. The soaring prices have made it more challenging for people to afford gold ornaments, leading to a slowdown in demand for jewellery in the local market.
The Role of Bajus in Price Regulation
Bajus plays a crucial role in regulating gold prices in Bangladesh. As the principal body overseeing the jewellery industry in the country, it works closely with both local jewellers and international stakeholders to ensure that gold prices are reflective of market realities. The association’s role in adjusting prices based on global trends is vital for maintaining the balance between domestic demand and supply.
Despite the price hikes, Bajus has stated that it is closely monitoring the global gold market to ensure that future price adjustments are made in a fair and transparent manner. The association is also working to ensure that local jewellers are able to manage the price fluctuations while providing consumers with quality products.
The Future of Gold Prices in Bangladesh
As the price of gold continues to rise, many are left wondering how the future of gold prices in Bangladesh will unfold. The recent price increases suggest that gold may continue to appreciate in the coming months, especially if global economic instability persists. However, the pace of these increases will depend largely on external factors such as changes in global interest rates, inflation trends, and geopolitical tensions.
For now, gold remains one of the most popular and sought-after assets in Bangladesh, with many people continuing to invest in it as a hedge against inflation and economic uncertainty. Whether these price increases will continue or stabilize remains to be seen, but one thing is certain: the price of gold will remain a key topic of discussion among investors and consumers alike in Bangladesh. need rent a car for Bangladesh visit Quick Ridz.
