Monday, 20 October, 2025
The Bangladesh Jewellers Association (BAJUS) has raised the price of 22-carat gold by Tk 1,050 per bhori, setting a new record high of Tk 217,382 per bhori, the highest ever in the country’s history.
BAJUS announced the new price in a press release on Sunday night, saying it will come into effect from Monday.
According to the association, the price adjustment was made considering the rise in the price of pure gold (tejabi gold) in the local market and overall market conditions.
Under the new rate, the price of 21-carat gold has been fixed at Tk 207,503 per bhori, 18-carat gold at Tk 177,853 per bhori, and traditional gold at Tk 148,075 per bhori.
In addition to the selling price, a 5-percent government-imposed VAT and a minimum 6 percent BAJUS-determined making charge will be applicable. However, the making charge may vary depending on the design and quality of the jewellery.
BAJUS last revised the gold price on October 14, when the price of 22-carat gold was raised by Tk 2,613 to Tk 216,332 per bhori, which was then the highest in the country’s history.
Global gold prices surged to historic levels last week, climbing above the $3,900-per-ounce mark as investors sought safe-haven assets amid the US government shutdown, mounting economic uncertainty, and expectations of further Federal Reserve rate cuts.
Spot gold rose 1.5 percent to $3,942.59 per ounce as of 0910 GMT, after reaching an intraday high of $3,949.34. Meanwhile, US gold futures for December delivery advanced 1.5 percent to $3,967.10.
The spike comes as Washington prepares for potential mass layoffs of federal workers if negotiations between President Donald Trump and congressional Democrats fail to resolve the partial government shutdown, a senior White House official warned on Sunday.
“Appetite for gold remains heavily stimulated by the ongoing US government shutdown,” said Lukman Otunuga, senior research analyst at FXTM. Independent analyst Ross Norman added, “Some investors may be chasing FOMO at these prices, while others see gold as a financial lifeboat in turbulent times.”
Gold has surged nearly 50 percent so far this year, supported by strong central bank buying, rising demand for gold-backed exchange-traded funds, a softer dollar, and growing interest from retail investors seeking a hedge against trade tensions and geopolitical risks.
Norman noted that the rally, driven largely by long-term investors and central banks rather than speculative buyers, suggests that any pullback may be moderate. “This could present a buying opportunity on dips while momentum remains strong,” he said.
Data from public and private sources also indicate signs of weakness in the US labor market due to the ongoing shutdown. Investors are now factoring in a 25-basis-point rate cut at this month’s Fed meeting, with another 25 bp cut anticipated in December.
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The Bangladesh Jewellers Association (BAJUS) has raised the price of 22-carat gold by Tk 1,050 per bhori, setting a new record high of Tk 217,382 per bhori, the highest ever in the country’s history.
BAJUS announced the new price in a press release on Sunday night, saying it will come into effect from Monday.
According to the association, the price adjustment was made considering the rise in the price of pure gold (tejabi gold) in the local market and overall market conditions.
Under the new rate, the price of 21-carat gold has been fixed at Tk 207,503 per bhori, 18-carat gold at Tk 177,853 per bhori, and traditional gold at Tk 148,075 per bhori.
In addition to the selling price, a 5-percent government-imposed VAT and a minimum 6 percent BAJUS-determined making charge will be applicable. However, the making charge may vary depending on the design and quality of the jewellery.
BAJUS last revised the gold price on October 14, when the price of 22-carat gold was raised by Tk 2,613 to Tk 216,332 per bhori, which was then the highest in the country’s history.
Global gold prices surged to historic levels last week, climbing above the $3,900-per-ounce mark as investors sought safe-haven assets amid the US government shutdown, mounting economic uncertainty, and expectations of further Federal Reserve rate cuts.
Spot gold rose 1.5 percent to $3,942.59 per ounce as of 0910 GMT, after reaching an intraday high of $3,949.34. Meanwhile, US gold futures for December delivery advanced 1.5 percent to $3,967.10.
The spike comes as Washington prepares for potential mass layoffs of federal workers if negotiations between President Donald Trump and congressional Democrats fail to resolve the partial government shutdown, a senior White House official warned on Sunday.
“Appetite for gold remains heavily stimulated by the ongoing US government shutdown,” said Lukman Otunuga, senior research analyst at FXTM. Independent analyst Ross Norman added, “Some investors may be chasing FOMO at these prices, while others see gold as a financial lifeboat in turbulent times.”
Gold has surged nearly 50 percent so far this year, supported by strong central bank buying, rising demand for gold-backed exchange-traded funds, a softer dollar, and growing interest from retail investors seeking a hedge against trade tensions and geopolitical risks.
Norman noted that the rally, driven largely by long-term investors and central banks rather than speculative buyers, suggests that any pullback may be moderate. “This could present a buying opportunity on dips while momentum remains strong,” he said.
Data from public and private sources also indicate signs of weakness in the US labor market due to the ongoing shutdown. Investors are now factoring in a 25-basis-point rate cut at this month’s Fed meeting, with another 25 bp cut anticipated in December.
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