The price of gold in Bangladesh has soared to an unprecedented level, prompting jewellers to warn of further volatility amid global economic pressures.
The Bangladesh Jewellers Association (BAJUS) has set the price of 22-carat gold at a gold price record Bangladesh 2025 of Tk191,196 per bhori on Tuesday, September 23, 2025, in Dhaka, driven by international market surges and taka depreciation, up Tk1,889 from the previous rate.
This gold price record Bangladesh 2025 underscores the vulnerability of Bangladesh’s economy to global commodity fluctuations, affecting millions of households who view gold as a traditional savings vehicle. In a region where South Asian nations grapple with inflation and currency woes, such surges could ripple into broader consumer spending patterns, potentially exacerbating cost-of-living pressures for lower-income families reliant on affordable jewellery for cultural events.
Bangladesh Gold Price Surge: Key Details
The Bangladesh gold price surge announced by BAJUS marks the latest in a series of hikes this month, with 22-carat gold now priced at Tk191,196 per bhori (11.664 grams). This represents an increase of Tk1,889 from Sunday’s rate of Tk189,307 per bhori, as confirmed by the association’s pricing committee.
For context, the price per gram stands at Tk16,392 for 22-carat gold, while 21-carat gold is fixed at Tk182,495 per bhori (Tk15,646 per gram), 18-carat at Tk156,426 per bhori, and traditional method gold at Tk129,797 per bhori. These adjustments, effective from Tuesday morning, reflect the gold price record Bangladesh 2025 amid ongoing market dynamics.
BAJUS vice-president and spokesperson Masudur Rahman attributed the rise to a combination of factors, stating: “Previously, a dollar was available at Tk80 to Tk85; today, it’s not obtainable below Tk123 to Tk124. This depreciation has directly contributed to inflation and the rising cost of goods, including gold.” He further noted the reliance on recycled gold and informal imports, which creates supply gaps exploited by middlemen.
Factors Driving the Bangladesh Gold Price Surge
The Bangladesh gold price surge aligns with a global uptick in bullion prices, where spot gold traded at $3,691.53 per ounce on Monday, September 22, 2025, nearing the all-time high of $3,707.40. Analysts point to dovish signals from the US Federal Reserve and sustained central bank purchases as key drivers, positioning gold as a safe-haven asset amid geopolitical uncertainties.
In Bangladesh, the sharp depreciation of the taka has amplified these effects. The currency’s slide from around Tk85 to over Tk123 per US dollar has inflated import costs, despite limited official gold inflows. As Rahman explained: “Unlike other countries where central banks import gold, Bangladesh relies on recycled gold and baggage inflows. This creates a supply gap and gives rise to middlemen, who add their own profit margins.”
September has seen dramatic volatility, with 22-carat gold prices climbing over Tk13,000 per bhori since early in the month, reaching Tk189,306 by Saturday, September 21, 2025. This gold price record Bangladesh 2025 surpasses previous peaks, with the September 20 rate at Tk189,307, highlighting a cumulative Bangladesh gold price surge of approximately Tk15,000 from the month’s start.
Impact on Consumers and the Jewellery Sector
For Bangladeshi consumers, this gold price record Bangladesh 2025 translates to higher costs for wedding jewellery and investments, staples in a culture where gold symbolises prosperity. Jewellers must now add a 5% VAT and at least 6% making charges to the base price, further elevating retail costs.
The sector, which employs thousands and contributes to export earnings through handicrafts, faces squeezed margins. BAJUS has urged members to maintain transparency in pricing, but small-scale artisans report challenges in sourcing raw materials amid the Bangladesh gold price surge.
Tim Waterer, chief market analyst at KCM Trade, observed globally: “The combination of a dovish Fed and constant central bank buying is keeping momentum on the side of gold.” In Bangladesh, this external pressure intersects with domestic inflation, projected at 9.5% for 2025 by the Bangladesh Bank, compounding the effects of the gold price record Bangladesh 2025.
Historical Context of Gold Pricing in Bangladesh
Gold pricing in Bangladesh has long been influenced by international benchmarks adjusted for local currency fluctuations. The BAJUS pricing committee meets regularly to align rates with London Bullion Market Association fixes, but informal channels often introduce premiums.
This month’s Bangladesh gold price surge echoes patterns from 2022, when prices hit Tk100,000 per bhori amid post-pandemic recovery. However, the 2025 escalation is steeper, driven by accelerated taka weakening following energy import spikes.
Background
The Bangladesh Jewellers Association (BAJUS), established in 1973, regulates the organised jewellery trade and sets daily gold rates based on global and local inputs. Its decisions are binding for over 5,000 members nationwide. Recent surges follow a pattern of weekly adjustments, with the latest gold price record Bangladesh 2025 announced late Monday, September 22, 2025, at 10:57 PM.
What’s Next for Gold Prices
As global tensions persist, experts anticipate continued pressure on prices, with BAJUS monitoring daily for potential further hikes. Consumers eyeing the upcoming Eid-ul-Fitr in 2026 may need to budget amid this gold price record Bangladesh 2025, while policymakers consider easing import restrictions to stabilise the Bangladesh gold price surge.
Published in SouthAsianDesk, September 23rd, 2025
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