The Bangladesh government has initiated a formal consultation process for a revised national gold policy, seeking to bring the country's precious metals sector under a regulated and accountable framework.
Commerce Minister Khandakar Abdul Muktadir announced the move on Thursday, directing all relevant government agencies and industry stakeholders to submit written feedback on the draft "Gold Policy 2018 (Revised) 2026" by August 9.
In neighboring India, the World Gold Council has warned that steep import tariffs are accelerating the shift of precious metal flows into unofficial channels.
The proposed policy aims to increase transparency in legal trade and support gold exports, addressing long-standing concerns about informal market activity.
By establishing a clearer regulatory structure, the government intends to formalise transactions that have historically operated outside official channels, potentially improving tax collection and market stability.
This development aligns with broader regional efforts to manage gold flows amid shifting trade dynamics.
In neighboring India, the World Gold Council has warned that steep import tariffs are accelerating the shift of precious metal flows into unofficial channels.