After hovering near the milestone for several days, gold prices in Bangladesh have now crossed Tk 200,000 per bhori for the first time ever. The Bangladesh Jewellers Association (BAJUS) announced the new record high on Monday evening, with the revised rates taking effect across the country from Tuesday.
According to BAJUS, the price of 22-carat hallmark gold has risen by Tk 3,150 per bhori, bringing the new rate to Tk 200,726 per bhori. Just two days earlier, on Sunday, the price had already increased by Tk 2,229 — meaning gold has become Tk 5,379 costlier within only three days.
BAJUS explained that global economic trends directly influence gold prices. During periods of uncertainty in the world economy, investors tend to shift their assets into gold as a safe haven. Historically, gold prices have also surged during times of high inflation.
The global market has seen similar movements, with the price of gold reaching USD 3,952 per ounce (around 31.1 grams) on Monday, up from USD 3,871 on October 1.
Gold prices in Bangladesh have risen dramatically over the decades. At the time of independence, a bhori of gold cost only Tk 170. By 2000, it had reached Tk 6,900, and by 2020, around Tk 70,000. In 2023, the price surpassed Tk 100,000 for the first time. Overall, gold prices in Bangladesh have increased nearly 1,181 times since independence.
