Gold prices edged lower in the international market as a stronger US dollar put pressure on the metal. At the same time, investor caution ahead of the release of key US inflation data weighed on demand for gold. However, silver prices remained close to record highs, according to a report by Reuters.

In Bangladesh, Thursday marked the last working day of the week. Until midday, gold prices continued to decline in the international market. In the spot market, gold prices fell by 0.4 percent to USD 4,323.57 per ounce. At the same time, gold futures in the United States also slipped by 0.4 percent to USD 4,356.10 per ounce.

Analysts said the dollar index hovering near its highest level in almost a week has made dollar-denominated gold relatively more expensive for overseas buyers, creating selling pressure on prices.

Meanwhile, driven by expectations of strong industrial demand and supply constraints, silver prices have remained near record levels. Investors are now closely watching upcoming US inflation data, which could play a key role in shaping the next policy decision on interest rates by the Federal Reserve.