Dhaka, July 21 -- Bangladesh's reserve precious metals' value has nearly doubled, driven largely by a surge in global gold prices amid decline in value of reserve-currency dollar, central bankers and economists say.

According to Bangladesh Bank's latest annual report released last week, the combined value of gold and silver reserves in its vault stood at Tk 101.19 billion at the end of June 2024, an increase of over 87 per cent from Tk 53.94 billion recorded in the previous fiscal year (2022-23).

Reports are rife that gold is being reserved by many central banks in the world in the wake of the US dollar downturn following trade and tariff turmoil triggered by Donald Trump's 'reciprocal tariff' regime, resulting in gold-price rises.

As ...