Bangladesh, Oct. 14 -- Bangladesh Jewellers Association (Bajus) has reduced gold prices in the domestic market, cutting the price of 22-carat gold by Tk3,266 per bhori to Tk2,28,031.

The new prices took effect from 10am on Tuesday. Bajus said the adjustment followed a fall in the price of pure (tejabi) gold in the local market.

The decision was taken at a meeting of the association's Standing Committee on Pricing and Price Monitoring.

Under the revised rates, 21-carat gold will sell at Tk2,17,767 per bhori, down Tk3,149. The price of 18-carat gold has been cut by Tk2,683 to Tk1,87,032, while gold of the traditional method will cost Tk1,52,798 per bhori, down Tk2,158.

Bajus last raised gold prices on 9 October, when the price of 22-ca...