Gold prices advanced for a second consecutive session on Friday, extending a recovery that has offered a brief respite to precious metals traders following a severe quarterly decline.
The rally was driven by a combination of macroeconomic signals and ongoing risk aversion among investors.
The recent strength in gold follows a more than 2% climb on Thursday, which was triggered by disappointing US nonfarm payrolls data.
In Bangladesh, the Bangladesh Jeweller's Association (BAJUS) raised the price of 22-carat gold by 4,374 taka per bhori, pushing the rate to 228,556 taka.
This local price adjustment reflects the broader upward momentum in global bullion markets, which have seen sustained buying interest over the past two days.
The recent strength in gold follows a more than 2% climb on Thursday, which was triggered by disappointing US nonfarm payrolls data.
The labor market report signaled a cooling economy, prompting investors to scale back expectations for aggressive interest rate hikes and increasing the appeal of non-yielding assets like gold.