When gold glitters too much: Bangladesh feels the sting of global price surge as sales slumpAs global uncertainty drives investors toward safe-haven assets, gold prices in Bangladesh have surged sharply while jewellery sales have slumped. On Wednesday, global gold prices hit an all-time high, crossing US $4,000 per ounce for the first time in history. WHY GOLD PRICES ARE CLIMBINGHistorically, gold has served as a safe store of value in times of economic or political instability. This year alone, global gold prices have galloped about 54 percent, compared with 27 percent in 2024. Masudur, owner of World Gold Jewellers in Gulshan, said: “We estimate annual gold consumption in Bangladesh at around 40 tonnes, but there’s no reliable data.
