Gold Hits New Record: Tk 1,82,810 per Vori—What Should Buyers Do Now?
Gold prices in Bangladesh have climbed to a new all-time high. Jewelers have set the retail price of 22k gold at Tk 1,82,810 for each vori (11.664 g). This jump has sparked questions among regular buyers, wedding shoppers, and small investors. In this simple guide, we explain why prices went up, how it may affect your plans, and what you can do right now to make a sensible decision.
What changed today
The new rate pushes gold to a level higher than any previous peak. For many families preparing for weddings or special gifts, this means the total bill for rings, bangles, necklaces, and sets will be higher than expected. Some will reduce the weight of their order, choose lighter designs, or postpone non-urgent purchases. Others may still buy, but more carefully.
Why gold is getting more expensive
1) Global uncertainty and safe-haven demand
When the world economy feels shaky—because of wars, high inflation, or weak stock markets—people turn to gold. It is seen as a “safe haven.” That extra demand lifts prices worldwide, and the ripple reaches local markets too.
2) Exchange rate pressure
Bangladesh imports most of its gold. If the local currency weakens against the US dollar, importing gold becomes costlier even if global prices are flat. That extra cost shows up in local retail prices.
3) Central bank buying and big investors
Many central banks and large funds have been increasing their gold holdings. When big players buy heavily, global supply tightens and prices stay firm or rise.
4) Higher production and logistics costs
Mining costs, refining fees, insurance, shipping, and security have all gone up over time. These rising costs are reflected in the final price at the counter.
How the new price may affect you
Jewelry budgets will stretch: Couples may choose smaller sets, fewer pieces, or designs with a lower total weight.
Making charges matter more: Because the base gold cost is high, the making charge and any stone-setting fees now form a bigger share of the total bill. Comparing shops becomes more important.
Resale decisions may change: Some people may think about selling old jewelry. If you do, get the weight and purity tested at more than one place to ensure a fair offer.
Investor interest may rise: People who buy for savings may consider coins or bars instead of intricate jewelry, as these usually carry lower making charges and are easier to value.
Should you buy now or wait?
There is no single right answer. It depends on your timeline and your comfort with price swings.
If your event is soon (wedding, gift, or religious occasion), you may not have the luxury to wait. In that case, keep it simple: pick classic designs, avoid unnecessary stones, and focus on purity and paperwork.
If your schedule allows, keep an eye on prices for a few days or weeks.. Prices can correct. However, no one can guarantee a fall. A practical strategy is staggered buying—purchase in small portions over time to average out your cost.
A simple checklist for buyers
Confirm purity: 22-carat gold is about 91.6% pure. Ask for a hallmark/assay certificate that clearly states the carat and purity.
Weigh in front of you: Have the item weighed in front of you on a digital scale. Note the weight on the invoice.
Demand a detailed bill: The receipt should list gold weight, unit price, making charge, stone charge (if any), and taxes separately. This protects you during exchange or resale.
Compare before you commit: Get quotes from two or three trusted shops. Even small differences in making charges can save meaningful money at these price levels.
Be careful with stone-set pieces: Stones add beauty but reduce the net gold weight. Make sure the invoice shows stone weight or cost separately so you know the exact gold content.
Spotting and avoiding fraud
Do not rely on crude tests (scratching, magnets, etc.). They are unreliable. Professional purity testing or an assay certificate is safer.
Be cautious of prices that seem unreal or “massive discount” claims. If a deal looks unreal, it likely is.
When selling old jewelry, check purity and weight at more than one place to avoid under-valuation.
Could prices fall again?
Yes, they could—if global tensions ease, inflation cools, the dollar weakens, or large holders start selling. Prices could also rise further if the opposite occurs. Since the direction is uncertain, avoid taking big risks. If you want exposure to gold primarily as savings, consider small, periodic purchases rather than one large buy. This reduces the risk of buying at the very top.
How to protect your household budget
Gold has long been a safe store of value and a cherished choice for weddings and gifts. But your emergency fund and essential expenses come first. Do not borrow at high interest to buy gold. If you may need to sell in the near future, prefer simple, exchange-friendly designs that hold value better.
Bottom line
Gold at Tk 1,82,810 per vori (22-carat) is a record for Bangladesh. The increase is driven by global uncertainty, currency effects, strong institutional demand, and higher costs in the supply chain. For buyers, the smartest approach is to stay calm, compare offers, insist on proper documents, and purchase according to your real needs and time frame. Trends can change quickly, so base your decision on your budget—not on fear of missing out.