The Bangladesh Jewellers Association (BAJUS) has announced a reduction in gold prices in the domestic market. The price of 22-carat gold has been cut by Tk 3,266 per bhori, bringing the new price to Tk 228,031.

BAJUS said the decision was made following a decline in the price of pure gold in the local market.
The new prices came into effect at 10:00 am on Tuesday (October 13).

Under the revised rates, the price of 22-carat gold, including VAT, has been set at Tk 228,031 per bhori (11.664 grams). Meanwhile, 21-carat gold will cost Tk 217,683 per bhori, 18-carat gold Tk 186,395, and traditional-method gold Tk 153,555 per bhori.

The association announced the revised prices in an official notice.

Earlier, on October 9, BAJUS increased gold prices in the domestic market. At the time, the price of 22-carat gold was raised by Tk 2,216 per bhori to Tk 231,297, including VAT.