In Bangladesh, gold is not just a precious metal. It also contains emotional, cultural and the safest investment value. Gold is perceived as wealth and tradition in Bangladesh for weddings, festivals, and savings purposes.
24k Gold – The Purest Form
When we talk about 24k gold, we mean the purest form of gold, being 99.9%. 24k gold is the most expensive gold category and, therefore used mostly today only as an investment or store of value. 24k gold is not suitable for jewellery because it is too soft and cannot withstand normal wear and tear. However, many buyers tend to invest in gold bars and coins as a security in long-term savings protection.
18k Gold – A Popular Choice
The 18k gold category strikes a perfect balance of both purity and practical use. 18k gold is only 75% pure gold (the mix of alloy), making it strong, durable, and the most popular gold for high-end jewellery. Many families in Bangladesh also choose 18k gold for their bridal jewellery due to its beautiful look and practicality for getting every penny of usage.
14k Gold – Stylish and Affordable
If you’re tight on money, 14k gold is an appealing alternative. 14k gold has approximately 58% pure gold, and the rest is comprised of stronger metals such as silver or copper. This combination is durable, affordable, and allows greater flexibility with styles. Young buyers typically lean towards 14k because it allows them to get cuts and styles at a lower price.
Factors that Affect Gold Prices in Bangladesh
Gold isn’t available at the same price every day. When the international gold price fluctuates, so does the price of gold in Bangladesh and the dollar exchange rate into BDT. The Bangladesh Jewellers’ Association (BAJUS) publishes gold prices daily based on these situations. Jewellery makers and bulk sellers in Dhaka, Chattogram, and other areas will adjust prices based on BAJUS’s report.
Smart Buying Tips
- Before buying gold, check the BAJUS’s official gold rate.
- Before deciding on a jewellery maker, compare the prices of different jewellery shops.
- Ask about making charges before buying.
- Decide if you want to buy the gold for the gold value (24k) or the fashion and design (14k/18k).
Conclusion
As long as you know the current rate for 14k, 18k or 24k gold, you will always be able to support your decision. In Bangladesh, gold has a deeper meaning beyond just an ornament. For many, it is a part of the family’s financial security and a significant tradition. Gold is an investment – stay in touch with the current trends to ensure you receive value after every gold purchase.
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