Bangladesh Jewelers Association (BAJUS) has decided to reduce the gold price by Tk 1,983 per bhori.
With the new rate effective from Tuesday, price of 22-carat gold was reduced from Tk 99,144 to Tk 97,161 per bhori, according to a press release issued by BAJUS.
BAJUS said the rate was re-fixed as the prices of pure gold declined in the domestic market.
According to the newly fixed prices, each bhori of 21 carat gold (11.66 grams) has been re-fixed at Tk 97,161, while 18-carat at Tk 79,490 and traditional gold price at Tk 66,252.
Meanwhile, the prices of silver have remained unchanged.
The price of 22-carat of silver is Tk 1,715 per bhori, while 21-carat is Tk 1,633, 18-carat is Tk 1,400 and traditional method of silver is Tk 1,050.
Earlier, the previous price of per bhori gold in the local market was Tk 99,144.