Gold Prices Slashed by BDT 6,589 Per Bhori in Double Cut within 24 Hours

Gold prices in Bangladesh fell sharply by BDT 6,589 per bhori across two consecutive reductions within a single day, with the Bangladesh Jewellers Association (BAJUS) setting the new price of high-quality 22-carat gold at BDT 2,38,121 per bhori on Saturday.

In a statement issued Saturday morning, BAJUS officially announced a direct reduction of BDT 4,374 per bhori for the finest 22-carat gold. 

The day before, on Friday morning, the association had already slashed prices by BDT 2,215 per bhori, culminating in two successive price cuts enacted in under 24 hours. 

Under the newly implemented rates, the price of 22-carat gold stands at BDT 2,38,121 per bhori after the latest BDT 4,374 cut. 

Meanwhile, the 21-carat gold rate was reduced by BDT 4,141 to BDT 2,27,331 per bhori, and 18-carat gold was lowered by BDT 3,558 to stand at BDT 1,94,847 per bhori. 

The price of gold refined through the traditional method was reduced by BDT 2,916, placing its new value at BDT 1,58,689 per bhori.

Reflecting a highly volatile year for precious metals, gold prices in Bangladesh have been adjusted a total of 65 times so far this year, with local rates raised on 35 occasions and reduced on 30 others.

Along with the massive drop in gold, domestic silver prices were simultaneously revised downward by the jewellers' association. 

The price of 22-carat silver was cut by BDT 117 to BDT 5,657 per bhori. The 21-carat silver rate was reduced by BDT 175 to BDT 5,365 per bhori, while 18-carat silver dropped by BDT 117 to BDT 4,607 per bhori. 

Traditional-method silver was also lowered by BDT 117, bringing its rate down to BDT 3,441 per bhori. Mirroring the fluctuations of the gold market, silver prices have undergone 39 adjustments this year, consisting of 21 localized increases and 18 reductions.

According to market analysts, these drastic domestic price cuts directly reflect mounting downward pressure coming from the global market. 

Data from the World Gold Council indicated that international spot gold prices fell nearly 3 percent on Saturday, while global silver values declined sharply by more than 10 percent. 

On the global stage, gold has now lost 2.26 percent of its total value over the past 30 days, pointing toward a sustained and aggressive downward trend across international commodity markets.