Friday, 09 Jun, 2023


Bangladesh Bank to sell 25kg gold through auction

Senior Correspondent |
Update: 2023-03-23 17:17:57
Bangladesh Bank to sell 25kg gold through auction

The Bangladesh Bank has decided to sell 25 kilograms of gold in an auction.

A notification in this regard will soon be issued.

According to the central bank sources, interested certified gold traders can participate in this auction.

The gold recovered during smuggling is deposited in Bangladesh Bank. So far, the amount of gold recovered by customs detectives is about 6,500kg. Of the total amount, 2,429kg of gold had been added to the foreign exchange reserves of the Bangladesh Bank, said sources.

At present 96.430 kg are deposited in the vault of the central bank. Of this, gold bars are of 57.159 Kg and the remaining 39.271 kg are gold ornaments or mixed gold. 

An initiative has now been taken to sell 25.312 kg from the central bank's vault.

BDST: 1717 HRS, MAR 23, 2023

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