Gold Prices Increased 14 Times, Decreased 3 Times in Three Months

Staff Correspondent

Gold prices are rising in the global market, and the trend is mirrored in Bangladesh. Although gold prices frequently fluctuate internationally, in Bangladesh, they are regulated by the Bangladesh Jewellers’ Association (BAJUS), which regularly updates local pricing.

In the first three months of this year—January, February, and March—BAJUS adjusted gold prices 17 times. Among these, prices were increased 14 times and decreased only 3 times.

The year’s first hike occurred on January 15, when the price of 22-carat gold was set at Tk 139,443 per bhori (11.664 grams). The most recent increase was on March 28, pushing the price of 22-carat gold to Tk 157,872 per bhori. This marks the highest recorded gold price in the country. As a result, the price rose by Tk 18,429 per bhori in the first three months of the year.

Currently, the price of 21-carat gold stands at Tk 150,699 per bhori, 18-carat gold at Tk 129,167, and traditional method gold at Tk 106,539 per bhori.

Gold is not produced in Bangladesh. All gold in the domestic market is imported. Therefore, when global gold prices rise, domestic prices follow.

As of March 31, the global price of gold surpassed $3,100 per ounce. Prices are setting new records each week, which is the primary reason for rising gold prices in Bangladesh, India, and other markets.