Gold prices in Bangladesh are set to reach a record high of Tk 2.38 lakh per bhori from tomorrow, surpassing the previous peak of Tk 2.34 lakh per bhori, according to the Bangladesh Jewellers Association (Bajus).

The price of the precious metal had remained below Tk 2.30 lakh per bhori since December 29 before crossing that threshold recently.

Gold, widely regarded as a safe-haven asset during periods of economic and geopolitical uncertainty, has been edging higher in recent days amid growing global tensions.

Internationally, gold and silver prices hit record highs today, while most equity markets declined, after US President Donald Trump revived trade war fears by threatening several European countries with tariffs over their opposition to the US buying Greenland, according to an AFP report.

The US president has intensified geopolitical tensions this month by insisting that Washington would take control of the North Atlantic island, citing national security needs.

After talks failed to resolve what he described as “fundamental disagreement” over the Danish autonomous territory, he announced plans to impose new tariffs on countries opposing the move.

Under the proposed measures, the US would levy a 10 percent tariff on imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland from February 1, rising to 25 percent from June 1, unless they agree to the takeover.