Bangladesh · BDT · May 2023
Gold Price in Bangladesh — May 2023
In May 2023, the gold price in Bangladesh closed at approximately ৳215,334 per troy ounce, equivalent to ৳80,752 per tola or ৳6,923 per gram. This represents a -1.39% change on the month (৳218,374 open → ৳215,334 close).
Open
৳218,374
per troy ounce
Close
৳215,334
per troy ounce
High
৳224,137
per troy ounce
Low
৳213,526
per troy ounce
All unit prices at May 2023 close — Bangladesh
| Unit | Weight | Closing BDT price |
|---|---|---|
| Troy ounce | 31.1035 g | ৳215,334 |
| Gram | 1.0000 g | ৳6,923 |
| 10 grams | 10 g | ৳69,232 |
| Kilogram | 1,000 g | ৳6,923,158 |
| Tola | 11.664 g | ৳80,752 |
Karat-purity breakdown at May 2023 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ৳6,916 | ৳80,671 |
| 22KBANGLADESH STD | ৳6,342 | ৳73,969 |
| 21K | ৳6,058 | ৳70,658 |
| 18K | ৳5,192 | ৳60,564 |
| 14K | ৳4,050 | ৳47,240 |
| 10K | ৳2,887 | ৳33,673 |
Daily gold price in BDT — May 2023
May 2023 gold market: Record attempt fades on debt-ceiling resolution
VolatileA near-record spike that faded as the debt-ceiling risk cleared.
Gold pushed to near $2,050 in early May amid US debt-ceiling brinkmanship and banking jitters, briefly approaching its record. As a debt-ceiling deal took shape and the Fed stayed hawkish, the metal pulled back toward $1,960.
What drove gold in May 2023
- US debt-ceiling standoff
- lingering regional-bank stress
- still-hawkish Fed
- dollar resilience
Key events in May 2023
- May 4Gold spikes near $2,050 on debt-ceiling and bank fears
What happened next
With the debt deal done, gold drifted lower through the summer on higher-for-longer rates.
For gold buyers in Bangladesh
May's failed record attempt showed that, absent an actual crisis, the Fed's higher-for-longer stance still capped gold.
The 2023 gold market: Banking crisis and another record CB buy year
Silicon Valley Bank failed in March 2023, followed by Credit Suisse rescue. Gold rallied to $2,072 in May, then traded $1,820–$2,090 through year-end. Central banks bought another 1,037 tonnes — second-highest ever. Year close: $2,062.
Key drivers in 2023
Regional banking crisis, Credit Suisse failure, central-bank buying continues, persistent inflation
2023 XAU/USD high
$2,135 (Dec)
2023 XAU/USD low
$1,810 (Feb)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Bangladesh gold market
Bangladesh's standard retail gold unit is the bhori (1 bhori = 11.664 g, identical to the tola). Prices are set by the Bangladesh Jewellers' Samity (BAJUS). Imports face a tariff regime that pushes retail rates well above international spot, plus jewellery making charges of 5–12%.
Standard quote unit
bhori
Common purity
22K
Currency
BDT (৳)
Daily gold price — May 2023, Bangladesh
৳218,374
$1,992.13/oz
৳218,733
$1,995.40/oz
৳220,804
$2,014.30/oz
৳224,137
$2,044.70/oz
৳219,346
$2,001.00/oz
৳222,460
$2,029.40/oz
৳219,346
$2,001.00/oz
৳222,547
$2,030.20/oz
৳223,315
$2,037.20/oz
৳220,991
$2,016.00/oz
৳221,418
$2,019.90/oz
৳221,661
$2,022.12/oz
৳221,418
$2,019.90/oz
৳220,059
$2,007.50/oz
৳216,431
$1,974.40/oz
৳214,885
$1,960.30/oz
৳215,028
$1,961.60/oz
৳217,337
$1,982.67/oz
৳215,981
$1,970.30/oz
৳215,861
$1,969.20/oz
৳215,915
$1,969.70/oz
৳213,570
$1,948.30/oz
৳213,526
$1,947.90/oz
৳213,731
$1,949.77/oz
৳213,526
$1,947.90/oz
৳214,030
$1,952.50/oz
৳215,334
$1,964.40/oz
How Bangladesh gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The BDT/USD exchange rate comes from exchangerate-api.com's 2023 year-end snapshot.
Conversion. Every BDT figure on this page is computed as XAU/USD price × BDT/USD rate. We use the year-end exchange rate consistently across all May 2023 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Bangladesh, add the country-specific levies described in the “Bangladeshgold market” section above.
FAQ — Bangladesh gold price in May 2023
What was the gold price in Bangladesh in May 2023?
In May 2023, gold in Bangladesh opened at ৳218,374/oz and closed at ৳215,334/oz — a move of -1.39% on the month. Per tola: ≈৳80,752; per gram: ≈৳6,923; per 10g: ≈৳69,232.
What was the 24K gold rate per tola in Bangladesh in May 2023?
The 24K gold rate per tola in Bangladesh at the May 2023 close was approximately ৳80,752, derived from international XAU/USD spot of $1,964.40/oz times the 2023-end BDT/USD exchange rate of 109.6184. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 22K gold rate per bhori in Bangladesh in May 2023?
Bangladesh's most-quoted retail standard is 22K per bhori. At the May 2023 close, that worked out to approximately ৳6,342 (22K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
BDT prices on this page are computed from the verified international XAU/USD spot price for May 2023 (sourced from gold-api.com), multiplied by the 2023-end BDT/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The ৳ figures here represent the international gold spot price converted to BDT at the 2023-end exchange rate. Bangladesh's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Bangladesh? See live gold prices in Bangladesh with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2023 archive or the USD-only May 2023 page with the country-by-country list at the bottom.
Other markets? Compare May 2023 prices across other major gold-trading countries: India, Pakistan, Nepal, Sri Lanka, Saudi Arabia, United Arab Emirates.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to BDT at the 2023-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Bangladesh before transacting.