Dhaka, Feb. 17 -- The price of gold in Bangladesh has been reduced by Tk 2,216 per bhori, with the new rate for 22-carat gold set at Tk 258,824 per bhori (11.664 grams), Bangladesh Jewellers Association (BAJUS) announced on Tuesday.

In a morning notification, BAJUS said the price of pure gold (tejabi gold) declined in the local market, prompting the adjustment.

The revised rates have come into effect immediately, according to a UNB report Tuesday.

Under the new pricing structure, 21-carat gold has been fixed at Tk 247,044 per bhori, while 18-carat gold will cost Tk 211,760 per bhori.

The price of gold produced under the traditional method has been set at Tk 173,327 per bhori.

The selling price of gold must include a mandatory 5 per c...