Gold prices dropped by Tk 1,166 to Tk 72,667 a bhari (11.664 grams) in the local market on Tuesday.
Bangladesh Jewellers Samity (BAJUS) took this decision to balance the market in line with the prices of gold in the international market, said a press release.
The new prices will come into effect from today.
According to the BAJUS, the price of 22-karat gold has been fixed at Tk 72,667 a bhari while the price of 21-karat gold decreased to Tk 69, 517 a bhari and 18-karat gold to Tk 60,769 a bhari.
The price of traditional gold has been set at Tk 50,447 a bhari, the release said.