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Tuesday, 28 October, 2025

Gold Prices Drop Again Within 24 Hours

Express Report
  28 Oct 2025, 03:04

The price of gold in the local market has dropped again within just 24 hours, with the Bangladesh Jewellers Association (BAJUS) reducing the rate by Tk 3,674 per bhori (11.664 grams) as the price of gold dropped nearly 6 per cent in world markets.

In a press release issued on Monday night, BAJUS announced that the price of 22-carat gold will now stand at Tk 204,283 per bhori, effective from Tuesday.

According to the association, the price adjustment was made considering the fall in the price of pure gold (tejabi gold) in the local market.

As per the new rate, the price of 21-carat gold has been set at Tk 194,999 per bhori, 18-carat at Tk 167,145 per bhori, and traditional gold at Tk 138,942 per bhori. BAJUS said a 5 percent government VAT and a minimum 6 percent making charge—determined by the association—must be added to the sale price of gold. 

However, the making charge may vary depending on the design and quality of jewellery.

Earlier, on October 26, BAJUS reduced gold prices by Tk 1,039 per bhori, setting the 22-carat rate at Tk 207,957 per bhori.

With this latest adjustment, BAJUS has revised gold prices 69 times so far this year—increasing them 48 times and reducing them 21 times.

In the world markets, gold prices plunged by as much as 6.3 per cent on Tuesday, the biggest drop since 2013, and held losses through Friday to close at $4,113.05 an ounce. In dollar terms, its $138.77 weekly decline ranked among the largest ever.

After a record-breaking run, gold prices seem to be taking a breather with a significant 3% drop this week in the international markets. The yellow metal is set to end its nine consecutive weeks of gains with a weekly drop to $4,118.68 per ounce. This would be its sharpest fall since May.

Market analysts say, the correction in gold prices appears to be largely technical in nature, following an exceptional period where it rose over 50% since the start of the year.

The dip in gold prices was more pronounced earlier in the week, with gold seeing its steepest intraday decline of over 5% in five years, whilst silver registered a 6% weekly decrease to $48.62 per ounce, marking its poorest weekly performance since March.

Comments

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Gold Prices Drop Again Within 24 Hours

Express Report
  28 Oct 2025, 03:04

The price of gold in the local market has dropped again within just 24 hours, with the Bangladesh Jewellers Association (BAJUS) reducing the rate by Tk 3,674 per bhori (11.664 grams) as the price of gold dropped nearly 6 per cent in world markets.

In a press release issued on Monday night, BAJUS announced that the price of 22-carat gold will now stand at Tk 204,283 per bhori, effective from Tuesday.

According to the association, the price adjustment was made considering the fall in the price of pure gold (tejabi gold) in the local market.

As per the new rate, the price of 21-carat gold has been set at Tk 194,999 per bhori, 18-carat at Tk 167,145 per bhori, and traditional gold at Tk 138,942 per bhori. BAJUS said a 5 percent government VAT and a minimum 6 percent making charge—determined by the association—must be added to the sale price of gold. 

However, the making charge may vary depending on the design and quality of jewellery.

Earlier, on October 26, BAJUS reduced gold prices by Tk 1,039 per bhori, setting the 22-carat rate at Tk 207,957 per bhori.

With this latest adjustment, BAJUS has revised gold prices 69 times so far this year—increasing them 48 times and reducing them 21 times.

In the world markets, gold prices plunged by as much as 6.3 per cent on Tuesday, the biggest drop since 2013, and held losses through Friday to close at $4,113.05 an ounce. In dollar terms, its $138.77 weekly decline ranked among the largest ever.

After a record-breaking run, gold prices seem to be taking a breather with a significant 3% drop this week in the international markets. The yellow metal is set to end its nine consecutive weeks of gains with a weekly drop to $4,118.68 per ounce. This would be its sharpest fall since May.

Market analysts say, the correction in gold prices appears to be largely technical in nature, following an exceptional period where it rose over 50% since the start of the year.

The dip in gold prices was more pronounced earlier in the week, with gold seeing its steepest intraday decline of over 5% in five years, whilst silver registered a 6% weekly decrease to $48.62 per ounce, marking its poorest weekly performance since March.

Comments

BNP Pledges to Safeguard Full Independence of Bangladesh Bank: Khosru
No Extra Funds in Revised Budget; Car Purchases, Foreign Trips Halted
Ex-Fareast Life Chairman Nazul Owns Tk 2b in Dhaka, US: ACC
Remittances Exceed $2 Billion in First 25 Days of October Sine Al Govt Fall
IMF Lauds Bangladesh’s Efforts to Rebuild Foreign Exchange Reserves