SUKANTA HALDER

Domestic gold prices have fallen by nearly Tk 36,000 per bhori over the past 23 days, driven by a sharp decline in global rates amid shifting geopolitical tensions in the Middle East.

The price of gold per bhori stood at around Tk 2.41 lakh yesterday, down from around Tk 2.77 lakh on March 3, according to data from the Bangladesh Jeweller’s Association (Bajus).

The domestic market has adjusted prices 12 times between March 1 and March 25, with 10 of those changes reflecting downward revisions.

The decline comes after a month-long rally that saw gold prices more than double in just over a year. In January 2025, 22-carat gold was priced at around Tk 1.40 lakh per bhori. By the start of this year, it had risen to Tk 2.22 lakh, and peaked at Tk 2.86 lakh on January 29, 2026.

The recent drop mirrors volatility in international markets, where gold prices have fallen by $757.43 per ounce over the past 30 days.

On Monday, spot gold briefly touched $4,100 per ounce, its lowest level since December 11, before recovering to $4,545.34 by yesterday, buoyed by a weaker dollar and falling oil prices.

The rebound followed US President Donald Trump’s announcement of a five-day delay in planned strikes He