Gold prices in Bangladesh fell for a fourth time in eight days on Friday, with the Bangladesh Jewellers Association (BAJUS) cutting the price of 22-carat gold by 2,158 taka a bhori.
The association announced the reduction at 10am. Taken together, the four cuts – on 6, 11, 12 and 13 November – have lowered the price by 9,856 taka a bhori, or close to 10,000 taka.
The new prices
A bhori is about 11.664 grams. After Friday’s cut, hallmarked 22-carat gold stands at 219,808 taka a bhori, including VAT. The two earlier cuts in the sequence, on 6 and 11 November, took 2,741 taka each off the bhori price, and Thursday’s cut took off 2,216 taka. The Financial Express put Thursday’s pre-cut 22-carat price at 19,030 taka a gram.
Before Friday’s reduction, BAJUS listed 22-carat gold at 221,966 taka a bhori, 21-carat at 211,993 taka and traditional-method gold at 148,774 taka. The Business Standard reported the new rates for the other grades as 209,894 taka for 21-carat, 180,267 taka for 18-carat and 147,316 taka for traditional-method gold.
The fall follows a sharp rise earlier in the month: Prothom Alo reported that between 2 and 5 November gold climbed by nearly 12,000 taka a bhori, taking 22-carat above 229,000 taka.
A volatile few weeks
The slide caps a restless period in the local market. According to The Financial Express, BAJUS had raised 22-carat prices three times in four days to 5 November, adding 12,072 taka and taking the bhori price to 229,664 taka, before the sequence of cuts that followed. bdnews24 reported that the association had earlier cut 22-carat prices by 10,439 taka across four adjustments in October, then raised them on 28 and 29 October, cut them again on 30 and 31 October and lifted them once more in November.
Why prices are falling
BAJUS attributed the reduction to a lower local price for pure (tejabi) gold, but said the main cause was the decline in the global market. The association has pointed to the international market, rather than to domestic demand, in explaining each cut this week. After the slide, spot gold recovered slightly: around noon, an ounce was trading at 3,901 US dollars, up about 20 dollars on the day.
Silver was unchanged, with 22-carat silver at 3,499 taka a bhori. BAJUS noted that VAT is already included in the gold and silver prices, so jewellery businesses may not charge customers the tax separately.
What to watch
Bangladesh sets gold prices by association circular rather than by an open local spot market, so each revision is announced in advance and takes effect nationwide, which makes the direction of travel easy to follow.
Traders and buyers will now be watching whether BAJUS makes a fifth change in the coming days, a decision that will turn largely on the international price rather than on local demand. For anyone buying, the two practical points are the nationwide 22-carat figure and the VAT-inclusive rule, which mean the board price is what is paid at the counter.
Sources: Prothom Alo (13 November 2026); The Business Standard; bd24live; The Financial Express; Business Times Bangladesh; bdnews24.
Image: Adam Jones, CC BY-SA 2.0, via Wikimedia Commons. Illustration — a gold shop in Sylhet, Bangladesh.