Dhaka, July 28 -- Bangladesh Jewellers Association (Bajus) on Tuesday reduced gold prices a day after raising them.

In a notice issued in the morning, Bajus said the price of 22-carat gold has been cut by Tk 2,216 per bhori, bringing the new price, inclusive of VAT, to Tk 2,20,858.

The revised rates came into effect from 10am.

According to the new price chart, 21-carat gold will now cost Tk 2,10,943 per bhori, down by Tk 2,100, while 18-carat gold has been reduced by Tk 1,750 to Tk 1,81,200 per bhori. The price of traditional (Sanatan) gold has been cut by Tk 1,458 to Tk 1,48,016 per bhori, the notice added.

Bajus said the new prices will remain effective at all jewellery establishments until further notice, though making charges will...