After two consecutive increases, the price of gold in Bangladesh has been reduced by Tk3,324 per bhori, with the new rate for 22-carat gold set at Tk267,106 per bhori (11.664 grams), Bangladesh Jewellers’ Association (BAJUS) announced today.

The Standing Committee on Pricing and Price Monitoring of the BAJUS made the decision at a meeting held at 9:30am on Thursday (12 March).

BAJUS said the price of pure gold (tejabi gold) declined in the local market, prompting the adjustment.

According to BAJUS, the new prices came into effect from 10:00am today.

Under the new rates, 21-carat gold will cost Tk254,975 per bhori, while 18-carat gold has been priced at Tk218,583 per bhori. The price of gold produced through the traditional method has been set at Tk178,401 per bhori.

Alongside gold, the price of silver has also been reduced this time. BAJUS lowered the price of 22-carat silver by Tk350 per bhori, setting the new rate at Tk6,357.