Monday, 15 September, 2025
The Bangladesh Jewellers Association (BAJUS) raised gold prices yet again on Sunday, setting a new record of Tk 181,550 per bhori for 22-carat gold. This marks the second hike in under a week, following the September 3 adjustment that previously stood at Tk 178,832.
The updated rates, effective from Monday (September 8), fix 21-carat at Tk 173,304, 18-carat at Tk 148,541, and traditional gold at Tk 123,067. On top of this, buyers must pay a 5 percent VAT and a minimum 6 percent making charge, which varies depending on design and craftsmanship.
Gold price also hit record again in India Saturday driven by US tariff impose on Indian exports. In Chennai, the price rose by Rs 140 per gram and Rs 1,120 per sovereign, bringing the rates to Rs 10,005 per gram and Rs 80,040 per sovereign.
A day earlier, on September 5, the gold price increased by Rs 560 per sovereign to reach Rs 78,920. Gold has been on a steep upward trajectory in recent weeks. Since the beginning of 2025, the yellow metal has repeatedly touched new highs.
Market analysts say the surge has been linked to global factors, particularly the 50 per cent tariff imposed by the United States on Indian imports. As a result, the value of the Indian rupee has plunged to record lows against the US dollar. This depreciation has also contributed to the rise in gold price
The surge in gold price in Bangladesh and India mirrors an unprecedented rally in the international bullion market, where gold recently approached $3,600 per ounce, climbing nearly 38 percent year-to-date.
Futures contracts are trading above $3,650, buoyed by weak U.S. labor data and rising expectations that the Federal Reserve will cut interest rates in the coming months.
Central banks are also setting the tone by continuing to stockpile reserves, acquiring more than 415 tonnes of gold in the first half of 2025 alone. This buying spree has elevated gold to the world’s second-largest reserve asset, surpassing the euro and now accounting for 27 percent of official reserves.
Investment flows into gold-backed exchange-traded funds (ETFs) are further fueling momentum, with global inflows in the first six months of 2025 reaching their highest level since 2020.
Jewellery demand, however, is softening as consumers shift toward bars, coins, and digital gold products. Analysts suggest that while retail buyers face affordability challenges, institutional and central bank demand will keep the upward trend intact.
Forecasts now point to the possibility of gold hitting $4,000 by mid-2026, with some bullish scenarios predicting a climb toward $5,000 if global political instability intensifies.
American politics continues to play a pivotal role in shaping sentiment. Former U.S. President Donald Trump’s renewed tariff threats and his ongoing conflict with the Federal Reserve—most recently involving attempts to remove Governor Lisa Cook—have rattled markets and weakened confidence in the dollar. In contrast, gold has gained further appeal as a safe-haven hedge.
In Bangladesh, the record-high price has sparked mixed reactions. For households, gold remains both a cultural necessity and a savings tool, though affordability is now being tested. Financial advisers stress that while gold provides a sense of security, it should not be the sole avenue for savings.
They recommend that traders and investors consider a diversified approach, allocating part of their portfolios to government bonds, retirement schemes, and stable financial products.
Experts advise Bangladeshi traders to balance tradition with caution: maintaining exposure to gold, but avoiding overreliance at the expense of other secure instruments.
Market strategists also urge traders to be mindful of short-term volatility. “Momentum is on gold’s side, but sharp corrections can occur if U.S. monetary policy shifts faster than expected,” one Dhaka-based analyst said.
Experts advise Bangladeshi traders to balance tradition with caution: maintaining exposure to gold, but avoiding overreliance at the expense of other secure instruments.
As global demand continues to accelerate, the metal’s trajectory appears firmly upward, but the key question for Bangladesh’s savers and jewellers is how to adapt.
In 2025, market analysts say, success will likely depend not just on owning gold, but on managing it wisely alongside a broader set of financial strategies.
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The Bangladesh Jewellers Association (BAJUS) raised gold prices yet again on Sunday, setting a new record of Tk 181,550 per bhori for 22-carat gold. This marks the second hike in under a week, following the September 3 adjustment that previously stood at Tk 178,832.
The updated rates, effective from Monday (September 8), fix 21-carat at Tk 173,304, 18-carat at Tk 148,541, and traditional gold at Tk 123,067. On top of this, buyers must pay a 5 percent VAT and a minimum 6 percent making charge, which varies depending on design and craftsmanship.
Gold price also hit record again in India Saturday driven by US tariff impose on Indian exports. In Chennai, the price rose by Rs 140 per gram and Rs 1,120 per sovereign, bringing the rates to Rs 10,005 per gram and Rs 80,040 per sovereign.
A day earlier, on September 5, the gold price increased by Rs 560 per sovereign to reach Rs 78,920. Gold has been on a steep upward trajectory in recent weeks. Since the beginning of 2025, the yellow metal has repeatedly touched new highs.
Market analysts say the surge has been linked to global factors, particularly the 50 per cent tariff imposed by the United States on Indian imports. As a result, the value of the Indian rupee has plunged to record lows against the US dollar. This depreciation has also contributed to the rise in gold price
The surge in gold price in Bangladesh and India mirrors an unprecedented rally in the international bullion market, where gold recently approached $3,600 per ounce, climbing nearly 38 percent year-to-date.
Futures contracts are trading above $3,650, buoyed by weak U.S. labor data and rising expectations that the Federal Reserve will cut interest rates in the coming months.
Central banks are also setting the tone by continuing to stockpile reserves, acquiring more than 415 tonnes of gold in the first half of 2025 alone. This buying spree has elevated gold to the world’s second-largest reserve asset, surpassing the euro and now accounting for 27 percent of official reserves.
Investment flows into gold-backed exchange-traded funds (ETFs) are further fueling momentum, with global inflows in the first six months of 2025 reaching their highest level since 2020.
Jewellery demand, however, is softening as consumers shift toward bars, coins, and digital gold products. Analysts suggest that while retail buyers face affordability challenges, institutional and central bank demand will keep the upward trend intact.
Forecasts now point to the possibility of gold hitting $4,000 by mid-2026, with some bullish scenarios predicting a climb toward $5,000 if global political instability intensifies.
American politics continues to play a pivotal role in shaping sentiment. Former U.S. President Donald Trump’s renewed tariff threats and his ongoing conflict with the Federal Reserve—most recently involving attempts to remove Governor Lisa Cook—have rattled markets and weakened confidence in the dollar. In contrast, gold has gained further appeal as a safe-haven hedge.
In Bangladesh, the record-high price has sparked mixed reactions. For households, gold remains both a cultural necessity and a savings tool, though affordability is now being tested. Financial advisers stress that while gold provides a sense of security, it should not be the sole avenue for savings.
They recommend that traders and investors consider a diversified approach, allocating part of their portfolios to government bonds, retirement schemes, and stable financial products.
Experts advise Bangladeshi traders to balance tradition with caution: maintaining exposure to gold, but avoiding overreliance at the expense of other secure instruments.
Market strategists also urge traders to be mindful of short-term volatility. “Momentum is on gold’s side, but sharp corrections can occur if U.S. monetary policy shifts faster than expected,” one Dhaka-based analyst said.
Experts advise Bangladeshi traders to balance tradition with caution: maintaining exposure to gold, but avoiding overreliance at the expense of other secure instruments.
As global demand continues to accelerate, the metal’s trajectory appears firmly upward, but the key question for Bangladesh’s savers and jewellers is how to adapt.
In 2025, market analysts say, success will likely depend not just on owning gold, but on managing it wisely alongside a broader set of financial strategies.
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