Dhaka, March 19 -- Gold prices in Bangladesh have declined ahead of Eid, with Bangladesh Jewellers Association (BAJUS) slashing the rate of 22-carat gold by Tk 7,640 per bhori.

In a statement issued on Thursday, BAJUS said the new price of 22-carat gold has been set at Tk 254,625 per bhori (11.664 grams), effective immediately.

The association said the decision was taken in line with a decline in the price of pure gold in the local market and considering the overall situation, reports UNB.

Under the revised rates, 21-carat gold will cost Tk 243,019 per bhori, while 18-carat gold has been priced at Tk 208,319 per bhori. The price of traditional-method gold has been set at Tk 169,653 per bhori.

Previously, on March 14, BAJUS had reduced...