Fresh Upward Pressure on Gold as Bangladesh Records Consecutive Daily Rate Increases

Gold prices in Bangladesh advanced for a second straight day on Thursday after the Bangladesh Jewellers Association (BAJUS) announced another upward revision, extending a short series of consecutive increases that have drawn close attention from both traders and ordinary buyers. The latest move follows a smaller adjustment the previous day and underscores how quickly local rates are responding to movements in pure-gold pricing.

Industry sources indicated that the price of high-quality 22-carat gold has now climbed by several thousand taka per bhori across the two successive revisions. After the earlier increase of roughly Tk 3,324 per bhori, a larger step-up of about Tk 5,482 was applied on Thursday, taking the level toward the Tk 229,000 range per bhori once value-added tax is included. Parallel rises were applied to 21-carat and 18-carat gold as well as to traditional-method gold, while silver rates were left untouched. BAJUS linked the changes to a rise in the domestic price of pure (tejabi) gold, which has itself been tracking firmer international bullion markets.

The back-to-back adjustments arrive in a year already marked by unusually frequent price reviews. Figures circulating among market participants show that BAJUS has altered rates more than 130 times in 2026 so far, with increases and decreases roughly balanced and occasional separate adjustments linked to tax rules. Such rapid revisions help keep Bangladesh's retail prices aligned with global conditions, yet they also create practical difficulties for retailers who must update display boards and inventory valuations almost daily, and for consumers who are trying to time purchases of ornaments or small investment holdings.

Retailers reported that many shops updated their price lists within hours of the BAJUS announcement. Some customers postponed purchases in the hope that prices might ease, while others went ahead with planned buys, particularly those preparing for weddings or other family events in the coming weeks. Jewelers noted that demand for lighter ornaments has remained relatively steady, but interest in heavier pieces has softened whenever rates jump sharply in a short period. At the same time, a portion of buyers continue to treat gold as a store of value amid broader economic uncertainty, which helps sustain a baseline level of activity even when prices are rising.

The successive increases also highlight the transmission mechanism between global and local markets. When international gold strengthens on safe-haven demand or shifts in interest-rate expectations, the effect quickly appears in Bangladesh's pure-gold quotations and then, after BAJUS review, in the rates charged for finished jewelry. Because the association aims to keep the gap between pure-gold costs and finished-product prices reasonably stable, consecutive days of higher international pricing often produce consecutive local revisions. Traders said they will monitor the next few sessions closely; another firm move in global prices could prompt yet another review, while any pullback might open the door to a downward adjustment.

For the moment, the pattern of successive rises has left both the trade and the public watching the market more carefully than usual. Jewelers are balancing the need to reflect higher input costs against the risk of slower footfall, while consumers are weighing whether to lock in purchases now or wait for greater stability. With more than a hundred rate changes already recorded this year, the latest consecutive increases simply continue a pattern that has become a defining feature of Bangladesh's gold market in 2026.