Dhaka, Bangladesh – The country’s gold market has experienced another significant change. The Bangladesh Jewelers Association (BAJUS) has announced an increase in gold prices in the domestic market due to rising prices in the international market. Effective from March 18, 2025, the price of gold per bhori has increased by 2,613 Taka. Consequently, the price of 22-carat gold now stands at 153,475 Taka.
New Gold Price List (Effective from March 18, 2025):
| Carat | New Price (Per Bhori) |
|---|---|
| 22 Carat | 153,475 Taka |
| 21 Carat | 146,500 Taka |
| 18 Carat | 125,575 Taka |
| Traditional | 103,471 Taka |
Note: The price of silver remains unchanged.
Reasons for the Increase in Gold Prices:
Experts attribute the rise in gold prices in Bangladesh to several factors:
- Increase in International Gold Prices: Global demand for gold is rising, directly impacting the domestic market.
- Rise in Dollar Exchange Rate: The increased value of the dollar in Bangladesh has raised the cost of importing gold, leading to higher market prices.
- Economic and Political Uncertainty: Global economic instability and political unrest in various countries have prompted investors to turn to gold as a safe investment.
- Increase in Local Demand: Wedding seasons and various festivals in Bangladesh have heightened the demand for gold, contributing to the price hike.
Current Gold Price in the Global Market:
As of March 18, 2025, the global market price of gold has reached $2,250 per ounce (31.1 grams), the highest in the past decade.
Is Investing in Gold Profitable?
- According to experts, gold can be a safe investment medium in the current situation.
- The price of gold generally increases in the long term.
- During economic crises or inflation, the value of gold remains stable.
- In Bangladesh, gold can be easily liquidated, which is advantageous for investors.
Reactions from Gold Traders:
A gold trader from the Gulshan area of Dhaka said, “The demand for gold in the market has increased, but due to the price hike, some customers are now waiting to make purchases.”
On the other hand, a buyer stated, “I wanted to buy gold for a wedding, but with the price increase, I will wait a bit.”
FAQs: Common Questions and Answers
Why are gold prices increasing?
The rise in gold prices is due to increases in international gold prices, changes in the dollar exchange rate, and a surge in local demand.
Is it a good time to buy gold now?
Gold can be a profitable long-term investment; however, prices may rise or fall further, so it’s advisable to monitor market conditions before making a decision.
Can gold prices decrease again?
Gold prices may fluctuate based on the global economy and international market conditions.
Where can I buy gold at the best price in Bangladesh?
Purchasing gold from BAJUS-authorized sellers is safe and ensures fair pricing.
How can I verify the price before buying gold?
Check the latest price list on the Bangladesh Jewelers Association (BAJUS) website or visit recognized gold retailers.
Conclusion
The increase in gold prices has elicited mixed reactions among buyers and investors. Experts suggest that investing in gold can be profitable at this time; however, those looking to purchase should monitor market trends closely.
What do you think? Will gold prices rise further? Share your thoughts in the comments!
