Staff Reporter :
The gold market in Bangladesh experienced remarkable fluctuations in 2024, with prices changing a total of 62 times throughout the year. Of these adjustments, prices were increased 35 times and decreased 27 times, reflecting a year of instability in the market.
The first price adjustment for gold in 2024 was made on January 18, when the price of a bhori of 22-carat gold was set at Tk 1,12,441. By the year’s end, on December 30, the price had risen to Tk 1,38,288, marking a Tk 25,847 increase from the start of the year.
The Bangladesh Jewelers’ Association (Bajus), responsible for determining gold prices in the country, made the latest price adjustments on December 30 following a meeting of its Standing Committee on Pricing and Price Monitoring. According to the committee’s decision, the price of 22-carat gold was reduced by Tk 1,050 to the current rate of Tk 1,38,288 per bhori.
Similarly, the price of 21-carat gold dropped by Tk 1,004, bringing it to Tk 1,32,014 per bhori, while 18-carat gold saw a reduction of Tk 863 to Tk 1,13,141 per bhori. Traditional gold prices also decreased by Tk 735, settling at Tk 92,869 per bhori.
Throughout the year, the highest recorded price for a bhori of 22-carat gold was Tk 1,43,526, which prevailed from October 31 to November 3. In contrast, the lowest price for the same grade was Tk 1,10,691, maintained from January 19 to March 6.
This year’s volatility underscores the dynamic nature of the gold market in Bangladesh, driven by factors including global price trends, currency exchange rates, and domestic market conditions. Bajus continues to monitor these elements closely to ensure price adjustments reflect both global market trends and local consumer demand.
