On July 28, 2026, the global precious metals market witnessed new volatility. Gold & silver spot prices showed international spot gold briefly touched $2,398/oz in Asia session, then quickly dipped to $2,380 due to Fed policy expectations, before rebounding to around $2,405 in European session on geopolitical factors. Spot silver fluctuated in tandem, with an intraday range of $31.2-31.8, last at $31.55. In the Dhaka local market, gold trading price is around BDT 9,565 per gram (including premium over international price), and silver at BDT 121 per gram.
Fed Meeting Minutes Hawkish Signals Pressure Gold Prices
The Fed's July monetary policy meeting minutes released early on July 28 Beijing time showed most committee members believe inflation remains sticky, hinting that rate cuts may be delayed to Q4 2026 or later. This hawkish stance caused the US dollar index to spike, the 10-year Treasury yield to rise to 4.35%, and gold & silver spot prices to decline under pressure. Within 15 minutes of the release, international gold fell rapidly from $2,402 to $2,386, breaking below the $2,400 round number.
Market analysts point out that despite the Fed's tightening signals, gold's safe-haven demand remains. According to the latest data from the World Gold Council, global central bank gold purchases in Q2 2026 increased 12% YoY, with the Bangladesh Bank adding 2.5 tons of gold reserves in the Dhaka market, supporting local gold prices. The gold-silver ratio is currently around 76:1, and the relative premium of silver over gold is worth noting.
Geopolitical Risks Combined with Inflation Expectations Provide Support
Despite ongoing interest rate pressure, geopolitical risks still underpin gold & silver spot prices. Renewed tensions in the Middle East and uncertainty over European energy supplies have driven some capital into precious metals as a haven. The CME FedWatch Tool shows the probability of a September rate cut has fallen back to 35%, but geopolitical premiums have generated strong buying near $2,380. On the silver side, growing demand from the photovoltaic industry and its industrial properties provide additional support for silver prices.
Dhaka Gold Bar Wealth Management Today's Quotes
According to real-time data from the Dhaka Gold Bar Wealth Management platform, today's local gold quotes in Dhaka are as follows:
- 24K Gold Buying Price: BDT 9,565 per gram (including premium and processing fee)
- 24K Gold Selling Price: BDT 9,620 per gram
- Silver (99.9%): Buying price BDT 121 per gram, selling price BDT 125 per gram
International gold price (London gold) reference: spot gold at $2,405/oz; spot silver at $31.55/oz; gold-silver ratio 76.2:1. All prices are real-time quotes, actual transactions may vary slightly due to market fluctuations.
Technical Analysis: Key Support and Resistance Levels
From a technical chart perspective, gold is fluctuating short-term in the $2,380-2,420 range. On the daily chart, the 20-day moving average is near $2,392, providing key support; if it falls below $2,380, it may test the $2,350 level. For silver, support at $31.2 is watched; if it holds above $32, a new uptrend may begin. Investors can set reasonable stop-loss and take-profit levels based on gold & silver spot price movements.
Outlook and Investment Advice
Looking ahead to the remaining trading days of this week, market focus will shift to the US Q2 GDP advance estimate and PCE inflation data. If economic data falls short of expectations, it could reignite rate cut expectations, benefiting gold and silver. Conversely, high inflation data will heighten policy tightening concerns, putting pressure on gold & silver spot prices. In the medium term, global political and economic uncertainties and central bank gold buying trends still support gold. Investors are advised to remain patient and build positions in batches on dips.
Dhaka Gold Bar Wealth Management reminds you: Precious metal investments carry price fluctuation risks; please make decisions cautiously based on your own risk tolerance. To check the latest gold & silver spot prices, welcome to use our real-time quoting tool.
