Bangladesh's Gold Price Drops Tk7,114 in Two Days to Tk217,592 a Bhori

• BAJUS cut the 22-carat bhori rate by Tk5,481 on Saturday, a day after an initial Tk1,633 cut, for a combined two-day drop of Tk7,114.
• The 22-carat rate now stands at Tk217,592 a bhori, with 21-carat, 18-carat and traditional-method gold all cut by similar proportions.
• Jewellers attribute the move to a falling local price for unworked gold, not a broad collapse in the international bullion market.
• October alone saw at least five separate price changes, a pattern that is making it harder for ordinary buyers to time a purchase.

Gold buyers in Bangladesh got a second straight dose of falling prices this weekend. The Bangladesh Jewellers Association, known by its acronym Bajus, cut the price of 22-carat gold by Tk5,481 a bhori on Saturday, barely a day after trimming it by Tk1,633 on Friday. Taken together, the back-to-back cuts have pulled Tk7,114 out of the 22-carat rate in just 48 hours, bringing it down to Tk217,592 for a bhori, the traditional 11.664-gram unit used in the local bullion trade.

The other grades fell in step. Twenty-one carat gold is down to Tk207,794 a bhori, 18-carat to Tk178,459, and traditional-method gold, the grade most commonly used in older jewellery and informal lending, to Tk145,800. Silver also eased, though by far smaller amounts: 22-carat silver slipped Tk175 to Tk3,499 a bhori, with the other grades down between Tk58 and Tk117.

A Second Cut in Two Days

Bajus revises its rates almost every time the price of unworked, "tejabi" gold moves meaningfully in the local market, and it does so independently of how often international prices move. That is exactly what happened this weekend. Friday's Tk1,633 cut had already pulled the 22-carat rate down from roughly Tk224,707 to Tk223,074. Less than 24 hours later, a steeper fall in the local tejabi price forced a second, much larger revision, effective from 10am on Saturday.

For anyone trying to track the bhori rate day to day, the association's own explanation is simple: it is reacting to the cash price it can source bullion at locally, not announcing a view on where gold is headed next. That distinction matters for how buyers should read the move. A single-day cut driven by a local sourcing quirk is a very different signal from a sustained slide tied to global prices falling because demand for gold as a safe haven is cooling.

What's Behind the Slide

Bajus has not pointed to any single global trigger for Saturday's cut, beyond describing it as a response to cheaper tejabi gold. That is worth underlining because Bangladesh's gold price does not move in lockstep with London or New York bullion benchmarks; it moves with whatever the local wholesale market is charging, which itself is shaped by import costs, the exchange rate, and how much gold jewellers and refiners are circulating at any given moment.

That local-market mechanic explains why Bangladesh can see a rally one week and two cuts the next, even when international gold prices are relatively calm. It also explains why the swings can feel disconnected from the news buyers are used to hearing, such as central bank rate decisions or dollar movements elsewhere in the world.

A Month of Zig-Zags

Saturday's drop capped an unusually volatile month. Gold fell for four straight sessions in early October before bouncing Tk2,216 on October 29. It then extended that rally for a second day on October 30, clawing back roughly half of the month's earlier slide, only for Bajus to reverse course again on October 31 with the Tk1,633 cut, followed hours later by Saturday's steeper Tk5,481 reduction.

Date	22-carat rate (per bhori)	Change
October 29	Tk224,707	Up Tk2,216
October 30 (Friday)	Tk223,074	Down Tk1,633
October 31 (Saturday)	Tk217,592	Down Tk5,481

What It Means for You

For buyers planning a wedding purchase or restocking jewellery inventory, the two-day drop is good news, at least for now. Tk7,114 a bhori works out to roughly Tk610 a gram, a meaningful saving on a typical set of ornaments. But the same volatility that produced this cut can reverse just as fast, as October's own swings show. Anyone buying gold as a long-term store of value, rather than for a specific occasion, should treat a single week's price as noise rather than a trend.

For sellers, including households using old jewellery as informal collateral or planning to liquidate gold to cover an expense, the calculus is the opposite: a lower bhori rate today means a smaller payout than it would have a week ago. Readers weighing whether to buy now, wait, or convert gold into cash can check the live rate against other saving options using the site's FDR and DPS calculator before deciding whether gold or a fixed deposit better suits their goal.

What Happens Next

Bajus has given no signal on where it expects the local tejabi price to move next, and its own record this month suggests it would be unwise to guess. What is clear is that the association has now revised its rates on four separate occasions in October alone, more than once a week on average. For a market that still treats gold as both an ornament and a savings vehicle, that pace of change is itself the story: Bangladeshi households are increasingly pricing their savings against a benchmark that can move by thousands of taka within 24 hours.