Gold Prices Plummet in Global Market; Bangladesh Adjusts Domestic Rates

PothikTV News Desk: 23 October 2026, 9:04 am

Gold prices continued their downward trend in the global market on Friday, placing the precious metal on track for its largest weekly price fall in more than four months.

International market data shows that spot gold prices dropped by 0.3 percent on Friday, falling to 2,683.99 dollars per ounce. Earlier in the session, prices had touched a low of 2,670.30 dollars per ounce.

Over the course of the week, gold prices in the global market have declined by 1.3 percent. Financial analysts attribute this persistent slump to rising United States Treasury yields and a strengthening US dollar.

The benchmark US 10-year Treasury yield rose to a three-week high on Friday, while the US dollar index climbed toward a one-week high. A stronger dollar makes gold more expensive for holders of other currencies, dampening international demand.

Market participants also noted that investor appetite for safe-haven assets has softened following easing geopolitical tensions in certain regions. Meanwhile, global stock markets saw modest gains, further shifting capital away from non-yielding assets like bullion.

Following the significant drops in the international market, domestic gold prices in Bangladesh were revised downward. The Bangladesh Jewelers Association (BAJUS) announced updated prices to reflect global market conditions.

Under the newly adjusted rates, the price of 22-carat gold in Bangladesh has been reduced, bringing relief to local consumers and jewelers who closely monitor international price trends.

Jewelry industry leaders in Bangladesh stated that domestic prices are directly linked to international fluctuations and local supply dynamics. They added that further adjustments could be made depending on how the global gold market behaves in the coming days.