Gold slips below Tk 2.5 lakh per bhori as global prices fall

The price of gold has started to drop in the domestic market, just a day after hitting a historic high of Tk 2.52 lakh per bhori, following a decline in international gold prices.

According to new prices announced by the Bangladesh Jewellers Association (Bajus), 22-carat gold will be sold at Tk 2.49 lakh per bhori from tomorrow, marking Tk 3,000 drop from tomorrow.

The slight drop in price comes following a series of historic hikes in recent weeks, with prices of the precious metal gold climbing from Tk 2.30 lakh per bhori three weeks ago.

On Thursday, gold prices fell as risk appetite improved after US President Donald Trump backed off from threats of Greenland‑related tariffs, with profit-booking in the wake of recent gains adding pressure, reports Reuters. 

Spot gold slipped 0.4 percent to $4,819.39 per ounce, after falling nearly 1 percent earlier in the session, it said, adding that US gold futures for February delivery lost 0.3 percent to $4,821 per ounce, it added.

The precious metal, often considered a safe-haven investment, breached $4,800 per ounce for the first time on Wednesday, as rising geopolitical tensions, including US President Donald Trump’s Greenland developments, drove demand.