After days of relentless gains, the gold price per bhori retreated on Thursday, offering a pause after Bangladesh’s bullion market touched historic highs earlier in the week. The pullback came as prices adjusted from a record peak that had drawn widespread attention from buyers, jewellers, and investors alike.

Gold prices in the local market fell by Tk 14,638 per bhori, bringing the new rate down to Tk 2.71 lakh. The decline followed a sharp rise just a day earlier, when prices jumped by Tk 16,213 per bhori and pushed gold to an all-time high of Tk 2.86 lakh.

The Bangladesh Jewellers Association announced the latest adjustment, explaining that the reduction reflected a drop in the price of pure gold in the domestic market. The move marked a clear shift in momentum after weeks of steady upward pressure that had lifted prices to levels never seen before in the country.

Despite the fall, gold remains significantly more expensive than it was even a year ago. The latest correction has done little to erase the broader trend that has seen prices climb rapidly over a relatively short period. For many in the trade, the decline is being viewed less as a reversal and more as a breather after an extraordinary run.

International developments also played a role in shaping the local picture. In the global market, spot gold fell by 4.2 percent to $5,172.80 per ounce. The drop came amid talk that the US Federal Reserve could take a more hawkish turn, a factor that briefly weighed on prices. Even so, gold was still on course for its strongest monthly gain since 1982, as investors continued to seek safety amid ongoing geopolitical and economic strains.

For context, one troy ounce of gold equals 31.103 grammes, a standard measure used to track movements in the international market that often feed into local pricing decisions.

Looking back, the pace of gold’s rise in Bangladesh has been striking. Prices first crossed the Tk 50,000 mark per bhori in January 2018. Five years later, in July 2023, they moved beyond Tk 100,000. By February 2025, gold reached Tk 150,000 per bhori, and within the same year surged past Tk 200,000.

The latest dip may bring brief relief to buyers who had been watching prices climb almost daily. Still, with gold sitting near historic highs, the market remains tense and closely watched, as even small shifts now carry outsized impact for consumers and traders.