Gold Price India vs Bangladesh: Rates Compared

The table below shows both countries' rates per gram in local currency and in US dollars. In dollar terms, India's rate is usually slightly higher than Bangladesh's — because India's 6% import duty is baked into the IBJA rate, while Bangladesh's rate does not carry the same duty wedge.

But Bangladesh's rate can carry a local premium of its own: when gold imports are constrained, the domestic rate rises above the international price, because supply cannot meet demand. The gap between the two markets therefore varies — sometimes India is higher, sometimes the gap narrows, depending on Bangladesh's import supply and India's festival-season premium.

India: 6% customs duty on gold imports (cut from 15% in July 2024) plus 3% GST on the gold value and 5% GST on making charges. The IBJA rate is published daily and is transparent — every jeweller in India quotes against it.

Bangladesh: gold imports are regulated and the domestic rate is set by the Bangladesh Jewellers Association (BAJUS). The import regime has historically constrained supply, which can push the local premium above the international price when demand is strong. Buyers should check the day's BAJUS rate before purchasing, as the domestic rate does not always track the international price as closely as India's does.

India quotes gold per 10 grams first (the IBJA benchmark), with per-gram and per-tola prices alongside; 22K is the standard jewellery karat. Bangladesh quotes per tola (11.6638 grams) first, with 22K as the standard karat and 21K and 18K available.

Both markets use the tola and the gram, and both prize 22K jewellery. When comparing the two, per gram in US dollars is the cleanest measure — the table on this page provides it.

In India, buy from BIS-hallmarked jewellers — hallmarking is mandatory, and the BIS mark is your guarantee. The big chains (Tanishq, Kalyan, Malabar) and established local shops all quote against the IBJA rate; compare making charges, because they are where you win or lose money.

In Bangladesh, buy from established jewellers in Dhaka (Baitul Mukarram, New Market) or from BAJUS member shops, and check the day's BAJUS rate first. As in India, making charges are negotiable, and the shop's reputation is your main protection.

India's market is larger, more transparent and more competitive — the IBJA rate is public, hallmarking is mandatory, and hundreds of jewellers compete on making charges. Bangladesh's market is smaller and more import-constrained, which can push the local premium up when supply is tight.

In dollar terms, India's duty wedge usually makes it slightly more expensive than Bangladesh — but the gap is small and varies. For buyers in either country, the saving is at home: know the day's rate, compare making charges, and buy from a jeweller you trust.