United News of Bangladesh

Gold’s sharp slide—down more than 9 percent in a single session—has rattled global markets and raised a pressing question among investors: will prices sink below the $4,403 mark or stage a recovery? Spot gold fell to around $4,403 an ounce, marking its steepest one-day decline in decades. The selloff came amid broad weakness across commodities, equities and metals, following the nomination of Kevin Warsh as the next chair of the US Federal Reserve. The move sparked a surge in the US dollar and triggered heavy profit-taking after gold’s recent record highs. Gold prices drop by Tk6,590 per bhori in Bangladesh A stronger dollar typically weighs on gold, making the metal more expensive for investors holding other currencies. At the same time, easing geopolitical tensions and tighter trading conditions combined to intensify the downturn. What drove gold’s steep fall? Markets reacted swiftly after US President Donald Trump named Warsh, who is widely seen as hawkish on inflation, to lead the Federal Reserve. Expectations of a tougher stance on interest rates lifted the dollar and dampened demand for non-yielding assets like gold. Spot gold slid more than 9 percent to $4,403.29 per ounce, its sharpest daily fall since 1983. Silver fared even worse, dropping over 13 percent on Monday after plunging 27 percent on Friday. Both metals had hit record highs just days earlier. Selling pressure accelerated after CME Group raised margin requirements for metal futures, increasing trading costs and forcing many investors to pare back leveraged positions. Analysts said the move led to a rapid unwinding of speculative bets built up during the recent rally, reports The Economic Times. Gold and silver were sold alongside equities, pointing to a broader market shift as investors reassessed risk. The dollar’s continued strength after Warsh’s nomination added further pressure on precious metals. Beyond gold: a wider commodities selloff The downturn spread well beyond bullion markets. Oil prices fell nearly 5.5 percent as signs of easing US-Iran tensions reduced supply concerns. Trump said Iran was in talks with Washington, while Tehran signalled it would not conduct live-fire drills in the Strait of Hormuz. Gold sees sharpest one-day fall, down Tk15,746 per bhori Industrial metals also came under heavy pressure. Copper prices slid sharply as demand softened ahead of China’s Lunar New Year holiday, with the most-active contract on the Shanghai Futures Exchange falling 9 percent. Aluminium, nickel and tin also hit limit-down levels. On the London Metal Exchange, copper dropped nearly 5 percent, while aluminium, zinc, lead, nickel and tin posted steep losses, weighed down by high inventories and subdued buying interest. Will gold fall further or rebound? The immediate focus is whether gold will break below the $4,403 level or find support. Analysts say the selloff appears driven more by position unwinding and profit-taking than by a deterioration in fundamentals, suggesting the move could be a correction after an unusually rapid rally. Outlooks remain divided. Some analysts believe gold could regain strength later in the year if economic risks resurface or expectations around US interest rates shift. For now, however, volatility is likely to persist as markets digest signals on US monetary policy and global growth. What should investors watch? Market watchers advise caution in the near term. Movements in the US dollar and signals from the Federal Reserve will be key drivers for gold prices. While some see the recent fall as a healthy correction, others warn that price swings could remain sharp. 7.8 million ounces of new gold resources discovered in Saudi Arabia Long-term investors may prefer to wait for clearer signs of stability before increasing exposure, while short-term traders are urged to limit leverage amid higher margins and heightened volatility. Diversification, analysts say, remains crucial as markets navigate an uncertain phase.  

Gold prices in Bangladesh have surged past the Tk 250,000 mark per bhori on Wednesday, hitting an all-time high in the domestic market. The Bangladesh Jewellers Association (BAJUS) raised the price of 22-carat gold by Tk 8,339 per bhori (11.664 grams), setting the new rate at Tk 252,467, the highest ever recorded in the country. In a notification issued at night, BAJUS said the price adjustment was made in view of a rise in the local market price of pure gold (tejabi gold).  The new prices will come into effect from Thursday. According to the revised rates, the price of 21-carat gold has been fixed at Tk 240,978 per bhori, 18-carat gold at Tk 206,569 per bhori, while gold under the traditional method will sell at Tk 169,653 per bhori. Gold price hits fresh record in Bangladesh In addition to the selling price, buyers will have to pay a mandatory 5 percent VAT set by the government and a minimum 6 percent making charge fixed by BAJUS. However, making charges may vary depending on the design and quality of jewellery. BAJUS last revised gold prices on January 20, when it increased the rate of 22-carat gold by Tk 5,249 per bhori to Tk 244,128 — then the highest price in Bangladesh’s history. With the latest adjustment, gold prices have been revised 10 times in the domestic market so far in 2026. Of these, prices were increased on eight occasions and reduced twice. Silver Prices Also Rise Alongside gold, silver prices have also been increased. BAJUS raised the price of 22-carat silver by Tk 292 per bhori to Tk 6,882, marking the highest silver price ever in the country. Gold price hits record Tk 234,680 per bhori in Bangladesh Under the new rates, 21-carat silver will sell at Tk 6,532 per bhori, 18-carat silver at Tk 5,599 per bhori, while silver under the traditional method has been fixed at Tk 4,199 per bhori. So far this year, silver prices have been adjusted seven times in the local market, with prices increased five times and reduced twice.