Dhaka, April 23 -- The price of gold in Bangladesh has been reduced by Tk 3,266 per bhori, with the new rate for 22-carat gold set at Tk 246,927, according to the Bangladesh Jeweller's Association (BAJUS).

In a notice issued on Thursday morning, BAJUS said the decision to reduce prices was taken following a decline in the price of pure gold in the local market and the overall market situation.

Under the revised rates, the price of 22-carat gold has been fixed at Tk 246,927 per bhori (11.664 grams), UNB reports.

The price of 21-carat gold has been reduced by Tk 3,149 to Tk 235,671 per bhori, while 18-carat gold has been cut by Tk 2,683 to Tk 202,020 per bhori. Gold under the traditional method has been reduced by Tk 2,216 to Tk 164,521 ...