As of Tuesday, December 3, 2024, gold prices in Bangladesh are steady. The 22-carat gold costs BDT 11,765 per gram and BDT 137,227 per bhori. For 21-carat gold, it’s BDT 11,231 per gram and BDT 130,998 per bhori.
The 18-carat gold price is BDT 9,627 per gram and BDT 112,289 per bhori. Traditional gold is priced at BDT 7,899 per gram and BDT 92,134 per bhori.
These prices come from AL-AMIN JEWELLERS and the Bangladesh Jewellery Samity. Today, gold costs Tk 316,386 per ounce, up from Tk 315,865 yesterday. This is a big jump from Tk 223,026 on December 4, 2023.
Key Takeaways
- The current gold price in Bangladesh is Tk 316,386 per ounce, with a recent high of Tk 332,962 per ounce on October 30, 2024.
- Gold prices in Bangladesh vary across different carats, with 22-carat gold at BDT 11,765 per gram and 18-carat gold at BDT 9,627 per gram.
- Prices are updated in real-time by AL-AMIN JEWELLERS, one of the leading jewelry retailers in the country.
- Experts recommend allocating 5-10% of your portfolio to commodities like gold, which can provide diversification and hedging against market volatility.
- Global macroeconomic and geopolitical factors influence gold prices, leading to fluctuations in the Bangladeshi market.
Current Gold Market Overview in Bangladesh
The Bangladesh gold market is always changing. Prices go up and down because of world and local money matters. Lately, gold bullion cost Bangladesh has changed a lot, affecting the gold ornaments Bangladesh market.
Latest Price Updates for December 2024
As of December 3, 2024, gold prices in Bangladesh have changed. Jewelers have lowered gold prices by Tk 1,890 a bhori. This shows how much the Bangladesh gold market can change.
Impact on Jewelry Market
These price changes affect the gold ornaments Bangladesh market a lot. People buying gold jewelry now face different prices. They need to know these changes to make smart choices.
Daily Price Fluctuations
Gold prices in the Bangladesh gold market change every day. These changes happen all day, affecting all gold jewelry and materials in the country.
| Gold Purity | Price per Gram (BDT) | Price per Vori (BDT) | Price per Ounce (BDT) | Price per Kilogram (BDT) |
|---|---|---|---|---|
| 22/22 Carat | 11,765 | 137,227 | 3,291 | 11,765,000 |
| 21/21 Carat | 11,231 | 130,998 | 3,143 | 11,231,000 |
| 18/18 Carat | 9,627 | 112,289 | 2,695 | 9,627,000 |
| Traditional Method | 7,899 | 92,134 | 2,211 | 7,899,000 |
The Bangladesh Jewellery Samity and others watch these changes closely. They want to keep things clear for everyone. This way, people can know the latest gold prices in Bangladesh.
Understanding Gold Rates by Carat in Bangladesh
Gold rates in Dhaka and Bangladesh change with carat. The Bangladesh Jewellery Samity (BAJUS) sets these rates. They affect the cost of all gold items, like jewelry.
As of December 3, 2024, here are the gold rates in Bangladesh:
- 22-carat gold: BDT 11,765 per gram, BDT 137,227 per vori
- 21-carat gold: BDT 11,231 per gram, BDT 130,998 per vori
- 18-carat gold: BDT 9,627 per gram, BDT 112,289 per vori
- Traditional gold: BDT 7,899 per gram, BDT 92,134 per vori
Remember, 1 vori is 11.664 grams of gold. Also, gold jewelry can have discounts of 31% to 32%.
| Carat | Price per Gram (BDT) | Price per Vori (BDT) |
|---|---|---|
| 22K | 11,765 | 137,227 |
| 21K | 11,231 | 130,998 |
| 18K | 9,627 | 112,289 |
| Traditional | 7,899 | 92,134 |
Knowing these carat-based gold rates is key. It helps buyers and sellers in Bangladesh’s gold market. They can make better choices and talk prices well.
Price of Gold in Bangladesh: Real-Time Market Analysis
The price of gold in Bangladesh changes a lot. It’s affected by many things, both big and small. Today, gold costs Tk 316,386 per ounce. This shows the latest changes in the market.
Factors Affecting Daily Rate Changes
Gold prices in Bangladesh change because of many things. These include how much gold there is, the world’s economy, and what people want. Things like how much gold costs worldwide, how much money changes hands, and what people think also play a part.
Big events, what banks do, and how much people want gold also affect prices. Bangladesh gold traders watch these things closely. They want to make good choices and find chances to make money.
Market Trends and Predictions
Gold prices in Bangladesh have gone up a lot. In December 2023, gold was Tk 223,026 per ounce. Now, it’s Tk 316,386, which is over 40% more.
Experts think gold prices will keep going up. They say this is because more people want gold as a safe choice and for other uses. But, the gold market can change fast. So, gold traders in Bangladesh need to stay alert and ready to change their plans.
“The Bangladesh gold market is a fascinating and dynamic landscape, with a rich history and promising future. As an investor or trader, understanding the factors that drive the daily rate changes and staying informed on market trends is crucial to navigating this market successfully.”
Gold Investment Options in Bangladesh
Bangladesh is a great place for gold investment. You can diversify your portfolio or find a safe place for your money. The Bangladeshi gold market has many chances to explore.
Buying physical gold like jewelry, coins, or bars is popular here. With 22-carat gold at BDT 137,227 per bhori (11.664 grams), it’s a good time to invest.
Investors in Bangladesh often buy gold jewelry. It’s a way to add beauty and security to your investment. Knowing the local gold market is key to smart investing.
- Gold has been valuable for centuries. It’s used in jewelry, technology, and as a safe investment.
- Inflation makes gold prices go up. Gold keeps its value when prices of things increase.
- When the world is unstable, gold prices rise. People look for safe investments during these times.
| Gold Purity | Price per Bhori (BDT) |
|---|---|
| 22-carat Solid Gold | 137,227 |
| 21-carat Solid Gold | 132,398 |
| 18-carat Gold | 113,490 |
| Traditional Gold | 93,160 |
Understanding gold investment options in Bangladesh is important. Staying updated on the market helps investors make smart choices. This way, they can benefit from the gold investment Bangladesh and buying gold jewelry Bangladesh markets.
Bangladesh Gold Market Regulations and Standards
The Bangladesh gold market has strict rules to keep things fair and honest. The government of Bangladesh makes sure these rules are followed. This helps keep the gold trade clean and trustworthy.
Government Policies on Gold Trading
The Bangladesh Jewellers’ Association (BAJUS) has clear rules. Only certain types of gold are allowed. These are 18, 21, 22, and 24 carat gold made with cadmium.
Jewellers must charge at least Tk 300 per gram for new gold. If they sell old gold, they must pay the market price minus 20% of the current weight.
Quality Standards and Certification
Bangladesh has a strict certification process for gold. Jewellers must charge at least Tk 300 per gram for new gold. If they don’t, they could face a fine of at least Tk 25,000.
There’s also a rule for diamond ornaments. The discount can’t be more than 25%. If they break this rule, they could get fined Tk 500,000.
Role of Bangladesh Jewellery Samity
The Bangladesh Jewellery Samity (BAJUS) is very important. They set gold prices and make sure quality is good. They give updates on gold prices, like the current 22-carat gold price of BDT 11,765 per gram.
BAJUS also makes sure the rules are followed. If they’re not, jewellers could get fined or even lose their membership.