Gold has joined the two-lakh club!

Gold has joined the two-lakh club. For the first time in Bangladesh’s history, one bhori of 22-carat gold now costs a jaw-dropping Tk 2,00,726. Forget stock markets, the real bull run is happening at the jewellery shops.

The Bangladesh Jewellers Association (BAJUS), the nation’s unofficial mood regulator, announced the price hike on Monday, citing “an increase in the price of pure gold.” 

Critics, however, suspect the only thing more volatile than acid gold these days is BAJUS’s pricing committee.

The new rate, effective from Tuesday, October 7, adds Tk 3,150 to each bhori of gold, setting a national record and giving aspiring brides’ families another reason to panic.

With the latest revision, prices across all categories of gold have climbed sharply. The price of 22-carat gold has been set at Tk 2,00,726 per bhori, up by Tk 3,150, while 21-carat gold now costs Tk 1,91,605 per bhori, reflecting a rise of Tk 3,100. The price of 18-carat gold has increased by Tk 2,578 to Tk 1,64,229 per bhori, and gold made by the traditional method now stands at Tk 1,36,445 per bhori, marking an increase of Tk 2,192.

This historic milestone comes barely a day after BAJUS raised prices on October 5, proving that gold in Bangladesh now appreciates faster than a Dhaka land plot. 

The 21-carat, 18-carat and traditional gold varieties have obediently followed suit, climbing like overenthusiastic mountaineers.

Meanwhile, silver, the poor cousin in this family of metals, remains tragically unchanged, still clinging to Tk 3,628 per bhori, hoping someone will notice it exists, offering a rare moment of stability in the otherwise volatile precious metals market. 

The price of 22-carat silver stands at Tk 3,628 per bhori, while 21-carat silver is priced at Tk 3,453. The 18-carat variety holds at Tk 2,963 per bhori, and silver made by the traditional method remains fixed at Tk 2,228 per bhori.

Economists are calling this “a market correction.” Shoppers are calling it “daylight robbery.” Jewellers, of course, are calling it “great news for national prosperity.”

“Gold is not just metal. It’s emotion,” declared one Gulistan shop owner, gleaming brighter than his display case. “When the price goes up, the country feels rich even if no one can afford it.”

BAJUS insists the hike reflects “global trends,” though many suspect it also reflects a growing national addiction to breaking its own records.

As Bangladesh crosses the golden Rubicon, couples planning winter weddings are reportedly rethinking everything, from ring size to relationship status.

The price of gold may have gone through the roof, but as one witty shopper sighed while window-shopping at New Market: “Alhamdulillah, at least looking is still free.”