Gold prices in Bangladesh have reached another record high, climbing to Tk 213,719 per bhori (≈$1,940 USD), marking an increase of Tk 4,619 ($42 USD). The new rate will take effect tomorrow, according to the Bangladesh Jewellers Association (Bajus). Prices have been rising steadily, hitting new records almost every week.
In September alone, 22-carat gold rose by more than Tk 16,000 ($145 USD) per bhori. Experts attribute this surge to the international bullion market, the devaluation of the taka, economic uncertainty, and high inflation.
Although Bangladesh does not import large amounts of gold, domestic prices closely follow global trends. The Gold Policy 2018 estimates annual domestic demand between 20 and 40 tonnes, with about 80% of it met through smuggling, causing major revenue losses for the government.
Historically, gold prices in Bangladesh have increased dramatically. From Tk 170 ($1.50 USD) per bhori during the Liberation War, to Tk 3,750 ($34 USD) by the 1980s, Tk 6,900 ($62 USD) in 2000, and Tk 42,165 ($380 USD) in 2010. In January 2018, prices exceeded Tk 50,000 ($450 USD) for the first time, reached Tk 100,000 ($900 USD) in July 2023, and Tk 150,000 ($1,350 USD) by February 2025. This before surpassing Tk 200,000 ($1,800 USD) this year.
The continuous rise reflects both local economic pressure and the global rally in gold, positioning Bangladesh among the countries most affected by the metal’s soaring value.
Reference
Star Business Report. (2025, 13 October). Gold continues becoming pricier. The Daily Star. https://www.thedailystar.net/business/news/gold-continues-becoming-pricier-4009106