Bangladesh Bank auctions gold for the first time in 16 years
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Bangladesh Bank (BB) auctioned 25 KG (kilogrammes) of gold for around Tk 180 million for the first time in 16 years on Wednesday.
The central bank was keen to auction the gold in late 2022 but failed to find the expected buyers.
"Bangladesh Bank sold 25.312 kg of gold in different qualities for Tk 179.9 million. After completing all the processes on Wednesday, the gold was handed over to the buyer company, Venus Jewellers," said Mezbaul Haque, spokesperson of the cenral bank.
He said the gold was seized by customs intelligence. The money received against the sale has been deposited in the account of Bangladesh Customs, he added.
The Bangladesh Bank last sold 21.822 kg of gold through auction on July 23, 2008. Moreover, another 25, 21, and 20 kg of gold were sold in three phases earlier that year.