Bangladesh鈥檚 gold market has witnessed serious volatility in 2024, with gold prices fluctuating 62 times throughout the year.
Of these fluctuations, the price has increased 35 times and decreased 27 times.
The first price of gold this year was fixed on January 18, with the price of a bhori of 22-carat gold set at Tk聽1,12,441.
As of December 30, the price of a bhori of 22-carat gold was fixed at Tk聽1,38,288. This marks an increase of Tk聽25,847 from the price at the start of the year.
The Bangladesh Jewelers鈥� Association (Bajus) is responsible for determining the gold prices in the country.
According to the decision made in a meeting of the Bajus Standing Committee on Pricing and Price Monitoring, the price of the highest quality gold 鈥� 22-carat gold 鈥� was reduced by Tk聽1,050 to Tk聽1,38,288 on December 30.
Besides, the price of 21-carat gold was reduced by Tk聽1,004, bringing the price per bhori to Tk聽1,32,014.
The price of 18-carat gold was lowered by Tk863, now priced at Tk聽1,13,141 per bhori.
Traditional gold had also seen a reduction of Tk 735, with a new price of Tk 92,869 per bhori. These are the current prices at which gold is being sold in the country鈥檚聽market.
According to Bajus, the highest price for a 22-carat gold bhori this year was Tk聽1,43,526.
Gold was sold at this price from October 31 to November 3. On the other hand, the lowest price for a 22-carat gold bhori in 2024 was Tk聽1,10,691, which was the price from January 19 to March 6.