The Bangladesh Jeweller's Association (Bajus) has decided to reduce gold prices by Tk3,138 per bhori.
According to the new pricing, the price for one bhori (11.664 grams) of high-quality 22-carat gold is set at Tk1,16,290. The previous price was Tk1,19,428.
The apex body of gold traders changed the gold price for the sixth time in April so far.
According to Bajus, the latest price of gold was effective from 4pm on Tuesday.
Masudur Rahman, Chairman of the Price Determination and Price Monitoring Standing Committee of Bajus, issued a notification of the price cut on Tuesday.
Apart from this, the price of 21-gold has been set at Tk1,10,995 per bhori, 18-carat gold at Tk 95,143 per bhori, and the traditional method price set at Tk76,586.
Though the price of gold has decreased, the price of silver has been kept unchanged.
According to the category, currently, the price of 22-carat silver is Tk2,100, 21-carat is Tk2,006, 18-carat is Tk1,715 and the price of traditional silver in traditional is Tk1,283.