Gold slips below Tk 2.5 lakh as global prices fall

The price of gold dropped by Tk 3,000 in the domestic market, just a day after hitting a historic high of Tk 2.52 lakh, 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 from today.

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 three weeks ago.

Yesterday, 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 Trump’s Greenland developments, drove demand.