BAJUS cuts gold prices again as global market slides - The Financial Express

AI desk brief

Bangladesh jewellers cut 22-carat gold prices by Tk 2,158 to Tk 224,182 a Bhori after a third decline in 10 days, taking the cumulative drop to Tk 7,115 over that period. BAJUS said the local market is being adjusted to falling international prices; 22-carat silver was also lowered by Tk 175 to Tk 3,849 a Bhori.

Spot gold was quoted at $4,012.41/oz at 1pm Bangladesh time, down from $4,098.74 the previous day, with Reuters citing pressure from rising oil prices and inflation concerns. The article also notes a previous sequence of local cuts and one prior increase, underscoring near-term weakness in the underlying global bullion market.