Gold price rises

Bangladesh sets new 22-carat gold jewellery rate at Tk 234,621 per bhori

Thebangladaily.com – Gold price rises in Bangladesh after the Bangladesh Jewellers Association (BAJUS) increased the retail rate for 22-carat gold jewellery by Tk 1,691 per bhori. The new price, including VAT, is Tk 234,621 per bhori, with one bhori equal to 11.664 grams.

The revised rate came into effect at 10am on Saturday, September 19. BAJUS said the adjustment followed an increase in the local price of Tezabi gold, an important market reference used in determining jewellery prices in Bangladesh.

BAJUS pricing committee announces the revised rate

The decision was approved at a meeting of the BAJUS Standing Committee on Pricing and Price Monitoring held on Saturday. A notice confirming the updated 22-carat gold rate was signed by the committee’s chairman, Dr Dewan Aminul Islam Shaheen.

BAJUS regularly reviews jewellery prices in response to movements in the local gold market. When the value of Tezabi gold increases, the cost of raw gold used by jewellers also rises. Retail jewellery rates may then be adjusted to reflect the changed market conditions.

The latest revision concerns 22-carat gold, one of the most popular purity levels for ornaments in Bangladesh. It is widely used for rings, necklaces, bangles, earrings and wedding jewellery because it offers a high gold content while remaining suitable for crafted designs.

What the higher gold rate means for customers

For buyers, the revised figure of Tk 234,621 is the benchmark price for one bhori of 22-carat gold jewellery with VAT included. The exact price of an individual ornament, however, may differ depending on its weight, design and workmanship. Customers should therefore ask sellers for a full breakdown before making a purchase.

A person buying a lighter item may not need to pay the full per-bhori rate, while a heavier necklace or set of bangles will cost more based on the amount of gold used. Understanding the relationship between bhori and grams can also help shoppers compare prices more confidently. One bhori is equal to 11.664 grams.

As the gold price rises, households planning weddings, religious celebrations or traditional gift purchases may need to reconsider their budgets. Some buyers may choose smaller ornaments, lighter designs or postpone non-urgent purchases until they are comfortable with the prevailing rate.

Gold jewellery is often purchased for personal use as well as gifting, particularly during family occasions. For that reason, even a relatively small change in the rate per bhori can have a noticeable effect on the total cost of a planned purchase. Checking the latest announced price before visiting a jewellery shop can help customers prepare.

Why jewellery prices are revised

Jewellery prices are not fixed permanently because the cost of gold can change in the local market. BAJUS linked this latest increase to higher Tezabi gold prices. Tezabi gold is used as a reference in the country’s jewellery trade, making its movement significant for retailers and consumers.

The price of a finished ornament is influenced by more than the value of gold alone. Purity is important because different karat levels contain different proportions of gold. Weight also affects the final bill, while VAT and charges related to producing a finished item can add to the amount paid by the customer.

Consumers should keep in mind that the announced rate is a market benchmark rather than a guarantee that every item will carry the same final price. A detailed invoice can help buyers understand how much they are paying for the gold content and how much relates to the particular design or shop charges.

Frequently asked questions about gold prices in Bangladesh

What is the new 22-carat gold price?

The revised rate for 22-carat gold jewellery is Tk 234,621 per bhori, including VAT. The price increased by Tk 1,691 from the previous rate.

When did the updated rate take effect?

The new rate became effective at 10am on Saturday, September 19, following the BAJUS pricing committee’s decision.

How many grams are in one bhori?

In Bangladesh’s jewellery trade, one bhori is equal to 11.664 grams. Buyers can use this conversion when comparing the listed per-bhori rate with the weight of an item.

Why can the final jewellery bill differ from the announced gold rate?

The final amount can vary according to the weight and purity of the ornament, its design and workmanship, and applicable charges. Buyers should confirm the full price with the seller at the time of purchase.

The latest increase gives jewellers and customers an updated reference point for 22-carat ornaments. Since local market conditions can change, anyone planning to buy gold should verify the current rate with the retailer before completing a transaction.