DHAKA, Mar 28 (V7N) – Reversing a week-long downward trend, the Bangladesh Jewelers Association (BAJUS) announced a price hike for gold in the domestic market on Saturday morning. The price of the high-quality 22-carat gold has been increased by Tk 2,157 per bhori, bringing the new rate to Tk 1,18,460 (effective from 10:00 am today).

Note: There appears to be a slight discrepancy in the provided figures vs. standard market formatting; based on the adjustment of Tk 2,157 added to the previous day's closing of Tk 1,16,303, the new benchmark is set as follows:

New Gold Prices (Effective March 28, 2026)

Gold Type New Price (per Bhori/11.664g) Change
22-Carat Tk 1,18,460 + Tk 2,157
21-Carat Tk 1,13,082 Increased
18-Carat Tk 96,928 Increased
Traditional Tk 80,750 Increased

Market Context and Volatility

The decision to hike prices comes after seven consecutive reductions that saw gold prices tumble significantly over the last week. BAJUS stated that the adjustment was necessary due to a rise in the price of pure gold (acid gold) in the local market, influenced by fluctuating international supply chains.

This year has seen unprecedented volatility in the jewelry sector:

  • Total Adjustments in 2026: 48 times.

  • Price Hikes: 27 times.

  • Price Reductions: 21 times.

Silver Prices Remain Stable

While gold saw an upward shift, the price of silver remains unchanged across all categories.

  • 22-Carat Silver: Tk 2,100 per bhori.

  • 21-Carat Silver: Tk 2,006 per bhori.

  • 18-Carat Silver: Tk 1,715 per bhori.

Industry insiders suggest that the ongoing Middle East conflict continues to drive investors toward gold as a safe-haven asset, which may lead to further fluctuations as the "True Promise" war impacts global logistics and currency stability.

END/SMA/AJ