Bangladesh Gold Prices Cut Again: BAJUS Reduces 22-Carat by Tk 2,158

💰 The Bangladesh Jeweller's Association (BAJUS) has cut gold prices again, reducing the rate of 22-carat gold by Tk 2,158 per bhori to Tk 2,31,880, including VAT. The new prices came into effect at 10:00 am on Friday, according to a notice issued by the association. BAJUS said the latest adjustment was made in line with a decline in the price of pure gold (tejabi gold) in the local market, UNB reports.

📊 Under the revised rates, a bhori (11.664 grams) of 21-carat gold will cost Tk 2,21,441, 18-carat gold Tk 1,90,123 and traditional gold Tk 1,55,306, all including VAT. The association said the new rates will remain effective until further notice, while making charges will vary depending on the design of the jewellery. As VAT is already included in the sale prices of gold and silver ornaments, it cannot be collected separately from customers. Existing rules for the exchange and purchase of ornaments will remain unchanged, except for applicable VAT, making charges, and stone costs.

📜 Context: Frequent Price Adjustments

BAJUS last adjusted gold prices on September 9, cutting the rate by Tk 1,108 per bhori and setting the price of 22-carat gold at Tk 2,34,038. The latest Tk 2,158 reduction brings the cumulative downward adjustment in just one week to Tk 3,266 per bhori — a significant decline that reflects the volatility of global gold prices and the speed at which local markets now adjust to international price movements.

So far this year, gold prices have been adjusted 114 times in the local market — increased 56 times, decreased 57 times and revised once for VAT. The frequency of adjustment — averaging more than 12 revisions per month — reflects the structural shift in how BAJUS manages local gold pricing, moving from a relatively static monthly or quarterly revision cycle to a dynamic adjustment mechanism that tracks global price movements in near-real-time.

• 💰 22-carat gold: Tk 2,31,880 per bhori (Tk 2,158 reduction)
• 💰 21-carat gold: Tk 2,21,441 per bhori
• 💰 18-carat gold: Tk 1,90,123 per bhori
• 💰 Traditional gold: Tk 1,55,306 per bhori
• 💵 September 9 cut: Tk 1,108 per bhori
• 💵 Cumulative weekly decline: Tk 3,266 per bhori
• 📊 Price adjustments in 2026: 114 (56 up, 57 down, 1 VAT revision)
• 📅 New prices effective: 10:00 am Friday

💰 Silver Prices Also Cut

Silver prices were also cut, with the rate of 22-carat silver reduced by Tk 116 per bhori to Tk 5,016, including VAT. The price of 21-carat silver was set at Tk 4,782, 18-carat at Tk 4,082 and traditional silver at Tk 3,091 per bhori. Silver prices have been adjusted 69 times so far this year — 35 increases and 34 decreases — compared with 13 adjustments in 2025, when prices were increased 10 times and decreased only three times.

The sharp increase in silver price adjustment frequency — from 13 in 2025 to 69 in 2026 — mirrors the gold adjustment pattern and reflects both elevated global precious metals volatility and BAJUS's evolving approach to local price management. For consumers buying silver ornaments and utensils — which are particularly important for wedding season demand and religious festival gift-giving — the frequent adjustments mean retail prices can shift meaningfully between the time an order is placed and the time it is fulfilled.

🌏 Global Context: Why Gold Prices Are Falling

The BAJUS price reductions mirror a broader pullback in global gold prices from record highs reached earlier in 2026. Gold had surged above $2,650 per ounce in mid-2026 amid geopolitical tensions in the Middle East, concerns about US Federal Reserve rate cuts and sustained central bank gold buying — particularly from China, India, Russia and several emerging market central banks diversifying reserves away from the US dollar.

The recent price decline reflects a combination of factors: easing geopolitical tensions following diplomatic progress on the Hormuz Strait situation, signs that the US Federal Reserve may pause its rate-cutting cycle, and profit-taking by speculative investors who had built large long positions in gold futures. Bangladesh's local market — which tracks international gold prices with a 1-2 day lag — has been adjusting downward as global prices eased from their peak.

🏛 Implications For Bangladesh's Gold Market

For Bangladesh's gold market — which handles both jewellery demand and gold as an investment asset — the price decline carries mixed implications. On the demand side, lower prices typically stimulate jewellery purchases, particularly for wedding-season buyers who had been delaying purchases in anticipation of a price correction. The Tk 3,266 per bhori weekly decline could unlock pent-up demand that has been building through the recent price run-up.

For investors who had purchased gold at higher prices, the decline represents a paper loss — though gold's long-term trajectory has been firmly upward, suggesting that patient investors will likely see prices recover over time. The volatility also underscores the importance of BAJUS's dynamic pricing mechanism: by adjusting local prices to track international movements, the association prevents the price arbitrage that historically created parallel black markets when local prices diverged significantly from international benchmarks.

💵 Remittance And Import Implications

Bangladesh imports virtually all of its gold — the country has no significant domestic gold mining capacity — meaning that gold price movements directly affect the country's import bill and foreign exchange reserves. The price decline, if sustained, will reduce the dollar outflow required for gold imports, providing modest relief to Bangladesh Bank's foreign exchange management. However, lower prices often stimulate higher import volumes as consumers and investors take advantage of the lower entry point, partially offsetting the per-unit dollar savings.

For Bangladeshi migrant workers — particularly in the Middle East — gold purchases remain a popular vehicle for remitting savings home. Lower gold prices may temporarily reduce the dollar value of remittance flows (as the same physical gold quantity translates into fewer dollars), though the impact is typically modest given that gold is only one of many remittance channels.

🤝 What Comes Next

The BAJUS pricing committee will continue to monitor international gold prices and adjust local rates as needed. Given the 114 adjustments so far in 2026 — averaging one revision every 2-3 days — market participants should expect continued high-frequency price updates in the coming weeks. The key drivers to watch are: US Federal Reserve monetary policy decisions, developments in Middle East geopolitics, central bank gold buying trends, and the trajectory of the US dollar against major currencies.

For Bangladesh's broader economic context, the gold price decline offers a modest relief to inflationary pressures — though gold is not a major component of the consumer price index, the secondary effects on consumer sentiment (lower perceived wealth effects) and wedding-season spending (lower entry prices) can have ripple effects on retail demand patterns. With headline inflation still above the government's target, any relief on commodity prices is strategically welcome — even if the gold-specific impact on inflation indices is limited.

For jewellers across Bangladesh, the frequent price adjustments create operational complexity — requiring rapid updating of display prices, recalibration of inventory valuation, and careful management of customer expectations for orders placed before price changes took effect. BAJUS's role in coordinating these adjustments across the industry ensures a level of standardisation that prevents the price confusion that would otherwise emerge in a fragmented local market.