Gold prices cut again after two consecutive hikes

Gold Prices Fall in Bangladesh After Recent Increases

Bdbusinessdaily.com – Gold buyers in Bangladesh will see lower rates from Friday after the Bangladesh Jewellers Association, widely known as Bajus, reduced domestic prices following two consecutive increases.

The association lowered the price of 22-carat gold by Tk1,691 per bhori, setting the new retail rate at Tk2,32,930, including value-added tax. The revised prices took effect from 10am on 26 September and will remain in place at jewellery shops until Bajus issues another notice.

One bhori equals 11.664 grams. Bajus said the adjustment followed a decline in the local price of pure gold, commonly called tezabi gold, along with its assessment of wider market conditions.

New Gold Rates

Under the updated schedule, 22-carat gold is priced at Tk2,32,930 per bhori. The rate for 21-carat gold has been fixed at Tk2,22,491 per bhori, while 18-carat gold will sell for Tk1,91,056 per bhori.

Traditional-method gold has been set at Tk1,56,064 per bhori. These stated prices include VAT, meaning jewellers are not permitted to charge customers an additional VAT amount when selling gold or silver jewellery.

The latest cut reverses the amount added to 22-carat gold only a week earlier. On 19 September, Bajus had increased the 22-carat rate by Tk1,691 per bhori, taking it to Tk2,34,621 with VAT included.

What Buyers Should Keep in Mind

The listed rates apply to the gold itself, but the final bill for a finished item can be higher. Labour charges are added separately and may differ depending on the design, craftsmanship and complexity of a piece of jewellery.

Customers purchasing ornaments may therefore find that two items of the same gold weight carry different final prices if their making charges differ. Stone costs, where applicable, are also separate from the basic metal price.

Bajus said its existing rules for jewellery purchases and exchanges will continue to apply. In those transactions, applicable VAT, labour charges and the value of stones are excluded under the association’s established procedures.

For buyers, the change means the market price of a bhori has declined, although the practical saving on a particular necklace, ring or bracelet will depend on its weight and additional manufacturing costs. Jewellery purchasers may also wish to confirm the carat category before comparing prices, as 22-carat, 21-carat and 18-carat items are sold at different rates.

Frequent Adjustments This Year

Gold prices have moved repeatedly in Bangladesh during the year. Bajus has revised its gold rates 117 times so far in 2026. Of those adjustments, 58 were increases and 58 were reductions, while one revision was linked to VAT.

The equal number of upward and downward movements illustrates how quickly the domestic jewellery market’s benchmark rates have changed. The latest decision is the first reduction after the two recent price increases, bringing the 22-carat rate back below the level announced on 19 September.

Bajus determines retail rates for the country’s jewellery market and publishes revised schedules when it considers changes necessary. The association’s notices establish the applicable selling prices across jewellery shops, while individual retailers continue to set labour charges based on the items they produce or sell.

Silver Prices Also Reduced

The latest price revision also affects silver. Bajus cut the rate of 22-carat silver by Tk291 per bhori, bringing it down to Tk4,841 with VAT included.

Under the revised silver schedule, 21-carat silver is priced at Tk4,607 per bhori. The rate for 18-carat silver is Tk3,966 per bhori, while traditional-method silver has been set at Tk3,033 per bhori.

As with gold jewellery, VAT is already included in the announced retail prices for silver jewellery. Additional labour charges may still apply to finished ornaments depending on their design and production work.

Silver Has Seen Similar Volatility

Silver prices have also been adjusted regularly during the year. Bajus has changed silver rates 71 times so far, with 36 increases and 35 reductions.

The new schedule gives customers a lower starting price for both gold and silver purchases than under the immediately preceding rates. However, shoppers should check the relevant carat category, weight, labour cost and any stone charges before completing a transaction, particularly when comparing finished jewellery with the published per-bhori figures.

For now, the revised rates remain effective throughout the domestic jewellery market until Bajus announces its next adjustment.