Gold prices in Bangladesh have dropped for the sixth consecutive time, with 22-carat gold falling by Tk 5,482 to Tk 241,445 per bhari (11.664 grams) on Wednesday.
The latest cut reflects a broader global downturn, as highlighted by AFP, which attributes the price slump primarily to a wave of investor sell-offs triggered by rising geopolitical and economic uncertainty.
According to market data, gold prices in the country have fallen by nearly Tk 36,000 per bhari in just three weeks, mirroring turbulence in international markets where prices have dropped by 757.43 dollars per ounce over the past month.
AFP reports that, despite gold’s traditional status as a safe-haven asset, investors are now rapidly liquidating their holdings to raise cash amid escalating tensions in the Middle East, particularly involving Iran, the United States, and Israel.
‘Investors have turned first to selling gold, given the scale of its rally over the past year,’ said Joshua Mahony, chief market analyst at Scope Markets, AFP quoted.
The sell-off is being driven by a need for liquidity, as investors shift into cash—especially US dollars—to cope with surging oil prices and broader market instability.
Oil markets have been shaken by disruptions in the Strait of Hormuz and attacks on key Gulf energy infrastructure, further intensifying the rush for cash.
The decision was taken at an emergency meeting of Bangladesh Jewellers’ Association Standing Committee on Pricing and Price Monitoring held at 9:30am, amid fluctuations in the price of pure gold, commonly known as tejabi gold, in the local market.
According to a notification signed by the committee’s chairman, Dewan Aminul Islam Shahin, the revised prices came into effect immediately and will remain applicable at jewellery outlets across the country until further notice.
Under the new structure, 21-carat gold is priced at Tk 230,481 per bhari, while 18-carat gold stands at Tk 197,530. Gold produced through traditional methods is now being sold at Tk 160,905 per bhari.
The domestic market has seen 12 price revisions this March, with 10 of them showing decreases.
So far this year, gold prices in Bangladesh have been revised 46 times, 26 increases and 20 decreases, highlighting ongoing volatility.
Globally, gold is now trading at around 4,550 dollars per ounce, significantly down from its peak above 5,500 dollars earlier this year, when geopolitical tensions and economic fears had driven prices to record highs.
AFP notes that investors had previously flocked to gold amid concerns over rising global debt, trade tensions, and risks surrounding the artificial intelligence sector.
However, the current crisis has forced many to reverse positions, erasing much of gold’s earlier gains in 2026.
Despite the sharp fall in gold, silver prices in Bangladesh remain unchanged.
Currently, 22-carat silver is priced at Tk 5,365 per bhari, 21-carat at Tk 5,132, 18-carat at Tk 4,432, and traditional silver at Tk 3,324.
