Gold Prices Fall Sharply in Bangladesh After Historic Record Peak

Gold prices dropped sharply in Bangladesh on Thursday after hitting a historic high earlier this week. The fall came just one day after prices touched an all-time record in the local market.

The price correction followed a decline in domestic pure gold rates and a pullback in the global bullion market. Industry officials confirmed the updated rates later in the day.

Gold Prices Drop by Tk 14,638 Per Bhori in Local Market

Gold prices in Bangladesh declined by Tk 14,638 per bhori, bringing the new price down to Tk 2.71 lakh. The adjustment was announced by the Bangladesh Jewellers Association following updated market assessments.

The cut came after a sharp rise on Thursday, when gold prices surged by Tk 16,213 per bhori. That increase pushed the price of one bhori to Tk 2.86 lakh, the highest level ever recorded in the country.

According to industry data, the earlier rally was driven by strong momentum in the international market. Global investors moved heavily into gold amid ongoing economic uncertainty and geopolitical tensions.

In the international market, spot gold prices fell by about 4.2 percent to around $5,172 per ounce during the latest session. The decline followed growing market chatter around a potentially more hawkish stance at the US Federal Reserve.

Despite the daily drop, global gold prices remained on track for their strongest monthly gain in decades. Gold continued to benefit from its role as a traditional safe-haven asset during periods of instability.

In Bangladesh, jewellers adjust prices based on a mix of global rates and local supply conditions. Any movement in international bullion prices tends to reflect quickly in the domestic market.

How Gold Prices Reached Record Levels in Bangladesh

Gold prices in Bangladesh have followed a steep upward trajectory over the past several years. The metal first crossed the Tk 50,000 per bhori mark in January 2018.

Five years later, in July 2023, prices moved beyond Tk 100,000 per bhori for the first time. The rally continued into 2025, when gold crossed Tk 150,000 in February.

Later in the same year, prices surged past Tk 200,000 per bhori amid heightened global demand. By January 2026, gold prices had broken every previous record in the country.

This rapid rise has been closely linked to international market trends. A weaker dollar at times, global uncertainty, and sustained investor demand have all played a role.

Local buyers, however, remain sensitive to sharp price swings. Sudden increases often slow jewellery sales, while short-term corrections tend to revive market activity.

Gold prices remain historically high despite the latest correction, reflecting strong long-term demand. Market watchers expect continued volatility as global economic signals evolve.