Gold falls twice in a day, per bhori stands at Tk 2.45 lakh

Gold prices in Bangladesh fell twice in the span of a single day, with the price of 22-carat gold dropping by Tk 12,014 per bhori to Tk 245,760.

The Bangladesh Jewellers Association (Bajus) said today that the latest cut was made following a decline in the prices of pure gold in the local market.

On February 1, the price of gold per bhori was Tk 2.57 lakh. By the morning of February 2, it had fallen to Tk 2.51 lakh. At around 3pm the same day, the price was revised again to Tk 2.45 lakh per bhori.

A rout in gold and silver intensified on international markets today after top commodity exchange CME Group raised margin requirements following a collapse in metals prices last week, triggered by Kevin Warsh's nomination as the next Federal Reserve chair, according to Reuters.

Spot gold fell 6.1 percent to $4,565.79 per ounce after shedding more than 9 percent on Friday in its sharpest one-day drop since 1983.
The metal has lost more than $1,000 since hitting a record high of $5,594.82 on Thursday, erasing most of this year's gains.

On January 29, gold prices hit an all-time high of Tk 2.86 lakh per bhori in Bangladesh.

Domestic prices remain closely aligned with global trends. As per the Gold Policy 2018, annual domestic demand is estimated at between 20 and 40 tonnes.

Gold first crossed Tk 50,000 per bhori in January 2018. Five years later, in July 2023, it reached Tk 100,000. Prices climbed further to Tk 150,000 in February 2025 before surging past Tk 200,000 per bhori later in the year.