Bangladesh has witnessed an unprecedented surge in gold prices, with the cost of a bhori (11.66 grams) of 22-carat gold crossing the Tk 2 lakh mark for the first time. Starting tomorrow, a bhori will be priced at Tk 200,775, reflecting a daily increase of Tk 3,199, according to the Bangladesh Jewellers Association (Bajus).

The domestic gold market has been on a steady upward trajectory, with September alone seeing prices rise by over Tk 16,000 per bhori. Industry experts point to multiple factors driving this surge, including volatility in the international bullion market, depreciation of the Bangladeshi taka, economic uncertainty, and rising inflation.

Despite approaching the festive season, including Durga Puja, and the winter months — traditionally peak periods for jewellery sales — local jewellers report a significant drop in consumer demand. Some outlets in Dhaka have seen sales fall by nearly 50% in recent weeks.

While Bangladesh imports only modest quantities of gold, domestic pricing remains closely tied to global market trends, making local consumers sensitive to international fluctuations.