Why gold prices rise and fall, and how they are set - bdnews24.com

AI desk brief

Bangladesh 22-carat gold has been volatile and now sits around Tk 209,000 per bhori after a Tk 8,386 drop, versus BAJUS’s prior Tk 228,031 level; the article also notes comparison prices of Tk 181,056 in Dubai and Tk 214,910 in India. It says domestic pricing is set off the Tantibazar wholesale market, then adjusted by BAJUS using international gold rates, supply in the local market, and neighboring-country prices.

The piece highlights structural reasons Bangladesh gold trades above global levels: formal imports are rare, most supply comes via baggage rules or old jewellery, and illegal inflows are believed to be significant. It also notes the 2018 gold policy and 2019 licensing attempt to formalize imports, but firms lost interest due to dollar shortages, approval delays and high VAT.