Gold prices in Bangladesh varied slightly today due to increased uncertainty in the global market and local currency movements. According to the Bangladesh Jewellers’ Association (BAJUS), the price of 24-karat gold would be slightly higher in light of the steady demand from investors and jewellers.
On Monday morning, 24K gold was priced at around BDT 1,08,000 per bhori (11.664 grams), and 22K was around BDT 99,000 per bhori. This is compared to 18K, which was around BDT 81,000 per bhori and 14K, which was priced at around BDT 63,000 per bhori.
City-Wise Gold Rates (Approximate)
| City | 24K (per bhori) | 18K (per bhori) | 14K (per bhori) |
| Dhaka | BDT 1,08,000 | BDT 81,200 | BDT 63,400 |
| Chittagong | BDT 1,07,800 | BDT 81,000 | BDT 63,000 |
| Khulna | BDT 1,07,500 | BDT 80,800 | BDT 62,900 |
| Rajshahi | BDT 1,08,100 | BDT 81,300 | BDT 63,200 |
(Note: Prices may vary slightly depending on local jewellers and making charges.)
International Gold Trends Impacting Local Prices
On the international front, gold prices have remained under $2,415 per ounce as a result of investor demand, largely due to geopolitical tension and talk of possible rate cuts by central banks in developed economies.
In Bangladesh, gold remains both a safe asset to invest in as well as a traditional asset as the Bangladeshi currency continues to feel the inflationary pressure of the global economy. The combination of higher demand during wedding season and stable international developments has allowed for domestic stability in pricing.
Experts believe if the U.S. dollar does not subsequently strengthen too significantly, prices may remain in a narrow range but steady for the next few weeks.
Public Sentiment and Market Diversification
Local jewellers report moderate foot traffic, with customers tending to spend on smaller-type ornaments and coins. Many believe this may be a good time to purchase gold before it rises further during the winter festive season.
Market analysts suggest long-term investors could diversify and slowly stack gold away for their portfolio as it continues to prove resilient to inflation and uncertainty in the economy. For those in Bangladesh, gold is not simply a medium of exchange or an investment; it remains a symbol of prosperity and cultural pride.
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