TBM Report
The Bangladesh Jewelers Association (BAJUS) has announced a significant downward revision in domestic gold prices, slashing the cost by up to BDT 3,324 per bhori, following a steady decline in the price of pure gold (Tejabi gold) in the local bullion market. Under the newly approved tariff structure, the price of high-quality 22-carat gold jewelry has been refixed at BDT 221,966 per bhori (11.664 grams), inclusive of value-added tax (VAT). According to an official press release issued by BAJUS on Thursday (July 9) morning, the readjusted financial matrix came into immediate effect across the country starting at 12:00 PM today.
Detailing the updated pricing index, the BAJUS Standing Committee on Price Determination and Price Monitoring stated that 21-carat gold will now retail at BDT 211,993 per bhori, while 18-carat gold has been pegged at BDT 182,437 per bhori. Traditional (Sanatan) method gold jewelry will be traded at BDT 148,774 per bhori. The apex trade body clarified that while standard manufacturing making charges will apply based on intricate jewelry designs, retailers are strictly prohibited from charging additional VAT at the consumer level, as the baseline government tax is already aggregated into the final retail price.
This rapid adjustment follows a preceding price correction on July 6, when the trade association trimmed gold prices by BDT 3,266 per bhori, bringing the 22-carat retail rate to BDT 225,290. The consecutive price cuts within a mere three-day window highlight the extreme volatility gripping the domestic luxury metal sector, driven by shifts in liquid assets and regional procurement costs. BAJUS reaffirmed that the current price ceilings will remain legally binding for all registered jewelry establishments until global macro-economic indicators necessitate further regulatory recalibration.
The latest adjustment marks an unprecedented 88th gold price synchronization within the current calendar year of 2026 alone. Of these continuous market interventions, the regulatory body increased prices 43 times, scaled them down 44 times, and implemented one structural VAT adjustment. In comparison, the domestic market witnessed a total of 93 tariff adjustments throughout the preceding year of 2025, which saw 64 instances of price hikes against 29 instances of price reductions, underscoring a prolonged phase of supply chain fluctuations and currency exchange variations.
 has announced a significant downward revision in domestic gold prices, slashing the cost by up to BDT 3,324 per bhori, following a steady decline in the price of pure gold (Tejabi gold) in the local bullion market. Under the newly approved tariff structure, the price of high-quality 22-carat gold jewelry has been refixed at BDT 221,966 per bhori (11.664 grams), inclusive of value-added tax (VAT). According to an official press release issued by BAJUS on Thursday (July 9) morning, the readjusted financial matrix came into immediate effect across the country starting at 12:00 PM today.){kind=link}