Gold prices in the international market have dropped significantly, falling by 2.36% in a single day, bringing the price per ounce below $4,500.
According to the reliable global gold and silver price website GoldPrice, the latest figures show that gold lost $109 per ounce, settling at $4,494, compared to over $4,600 the previous day. A week ago, on March 14, gold was trading at $5,020 per ounce, marking a 10.5% decline of $526 per ounce over seven days.
Meanwhile, in Bangladesh, the Bangladesh Jewellers’ Association (BAJUS) announced a two-step reduction in gold prices last Thursday (March 19). The price of high-quality 22-carat gold fell by up to BDT 15,338 per bhori, bringing it down to BDT 246,927.
Following the set rates, today’s market prices are: 21-carat gold at BDT 235,671 per bhori, 18-carat gold at BDT 202,020, and traditional gold at BDT 164,521. Silver prices were also adjusted: 22-carat silver at BDT 5,365 per bhori, 21-carat at BDT 5,132, 18-carat at BDT 4,432, and traditional silver at BDT 3,324.
Gold prices had been rising earlier this month due to the Iran–US–Israel conflict, but today a sharp correction has occurred in the market.
Earlier this year, gold prices surged to record highs, with the international rate reaching $5,200 per ounce on January 30 and $5,550 per ounce on January 29. Consequently, BAJUS increased local gold prices sharply, with 22-carat gold reaching a historic high of BDT 286,000 per bhori, the largest single-day increase in Bangladesh’s history.
