Gold prices dropped by Tk 2,041 to Tk 71,150.40 a bhori (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 came into effect from Wednesday.
According to the BAJUS, the price of 22-karat gold has been fixed at Tk 69,109.20 a bhori while the price of 21-karat gold decreased to Tk 68,1.12 a bhori and 18-karat gold to Tk 57, 211.92 a bhori.
The price of traditional gold has been set at Tk 46,889.28 a bhori, the release said.