Gold drops by Tk 14,638 per bhori following record peak

Gold prices in the local market edged lower today, falling by Tk 14,638 per bhori to Tk 2.71 lakh.

The Bangladesh Jewellers Association (Bajus) announced the price cut today, citing a decline in the prices of pure gold in the domestic market.

On Thursday, gold prices rose by Tk 16,213 per bhori, pushing the price of one bhori to Tk 2.86 lakh, the highest level ever recorded in the country.

Driven largely by record-breaking prices in the global market, gold prices in Bangladesh broke all previous records.

In the international market, spot gold lost 4.2 percent to $5,172.80 per ounce today amid rumours that the Federal Reserve could get a more hawkish chair, but was still on track for its strongest monthly gain since 1982 as investors flocked to the safe haven amid lingering geopolitical and economic strains, according to Reuters.

One troy ounce equals 31.103 grammes.

Gold prices in Bangladesh first crossed the Tk 50,000 mark per bhori in January 2018. Five years later, in July 2023, prices surpassed Tk 100,000. They climbed to Tk 150,000 per bhori in February 2025 and later surged past the Tk 200,000 mark within the same year.