The price of gold in Bangladesh is set to reach an unprecedented peak, crossing the Tk 2.18 lakh mark per bhori for the first time in history. The Bangladesh Jewellers Association (BAJUS) announced the new rates today, effective from tomorrow, citing a surge in the global market and increased demand for the "safe haven" asset.
According to the latest BAJUS price revision, the cost of the finest quality (22-carat) gold will be Tk 218,116 per bhori (11.664 grams). This surpasses the previous record of Tk 217,381 set on October 19.
Just one week ago, BAJUS had set the price at Tk 217,067.1 This rapid adjustment reflects the volatility of the precious metal in recent days.
After reaching a high in October, prices had briefly dipped toward the Tk 200,000 level. However, global economic uncertainties have since driven rates back to record-breaking territory.
The local price hike aligns with international projections. Goldman Sachs recently forecasted that global gold prices could rise by 14 percent to reach $4,900 per ounce by December 2026, driven by central bank purchases and potential US Federal Reserve interest rate cuts.
As global demand remains "structurally high," local consumers and investors are bracing for further potential increases in the coming months.
Comment
