After hitting an all-time high last Thursday, gold prices in the country saw a slight decline yesterday.

On 20 February, gold prices reached an all-time high of Tk 154,525 per bhori.

However, the price of gold decreased by Tk 1,154 per bhori, bringing it down to Tk 153,369, Bangladesh Jewellers' Association (Bajus) announced yesterday, with the rate effective from today.

Gold prices have been rising steadily for over a year. This is due to both hikes in the international market and volatility in domestic supply.

In July 2023, the price of gold surpassed Tk 100,000 for the first time in Bangladesh.

The country requires between 20 and 40 tonnes of gold annually, with about 80 percent of the demand being met through smuggling.