Gold price plunges below Rs 2 lakh, effective from Wednesday
Dhaka, 28 October 2025– There has been a major change in the gold market in Bangladesh. There has been a significant decline in the price of gold in the space of five days, as a result of which the price of hallmarked 22-carat gold has fallen below Tk 2 lakh per bhori. The Bangladesh Jewelers Association (BAJUS) said in a press release on Tuesday that the new price will be effective from tomorrow, Wednesday (October 29). As a result of this decline, the price of 22-carat gold per bhori has now been fixed at Tk 1 lakh 93 thousand 800, which is about Tk 10 and a half thousand less than before.
Reduction in gold prices of various karats
According to the Bajus notification, not only 22-carat, but also 21-carat and 18-carat gold prices have seen a significant reduction. According to the new prices:
21 carat gold: The price of one bhori has decreased by 14 thousand 487 taka and is now 1 lakh 85 thousand 14 taka.
18 karat gold: The price of one bhori has decreased by 12,527 taka and is now 1,58,466 taka 48 paisa.
In addition, the price of gold made using traditional methods has also decreased. Similarly, the price of silver has also decreased, which is determined in line with the gold market.
Reason for price drop
Bajus said that the fall in gold prices has been due to a significant decline in the prices of pure gold and other precious metals in the domestic market. The impact of gold prices in the international market has also played a role in this. However, experts believe that the balance of demand and supply in the local market and the economic situation have also affected the price determination.
Bajus's decision process
The new price was decided at a meeting of the Standing Committee on Price Determination and Monitoring of Bajus. The decision was taken after reviewing the market prices of gold and silver. Bajus said the new price will be effective across the country from October 29.
Market impact
While the fall in gold prices is good news for buyers, it could pose challenges for sellers and the jewellery industry. In particular, those who had bought gold at higher prices could face losses due to the fall in prices. However, market analysts believe that the fall in prices could boost demand for gold jewellery, especially during the upcoming festive season.
Historical context of gold prices
Gold prices in Bangladesh have increased significantly in the past few years. In early 2023, the price of 22-carat gold was around Tk 1 lakh per gram, which exceeded Tk 2 lakh by mid-2024. However, in 2025, this price decline is seen due to the influence of international and local markets. Experts say that gold prices may fluctuate further in the coming months, which will depend on the global economic situation.
Advice for buyers
Caution when buying: It is important to check the hallmark certificate when buying gold. This ensures the quality of the gold.
Market monitoring: Due to price fluctuations, buyers should monitor market trends and make purchasing decisions.
Reliable store: It is recommended to buy gold only from Bajus-approved jewelry stores.
This fall in gold prices could give a new impetus to the Bangladeshi jewellery market. Buyers can take advantage of this opportunity, but it is important to be cautious when investing in the long term. The market dynamics will be monitored as soon as the new price of Bajus comes into effect.
Source: Bangladesh Jewelers Association (BAJUS)
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