Dhaka, Oct. 31 -- Barely 24 hours after raising prices by over Tk 8,000 per bhori, the Bangladesh Jewellers Association (BAJUS) has announced a reduction in gold prices once again.

In a new decision, BAJUS has lowered the price of 22-carat gold by Tk 2,613 per bhori, setting the new rate at Tk 200,296 per bhori, effective from Friday.

The association, in a statement, said that the price of pure gold (tejabi) has fallen in the local market, prompting the latest price adjustment.

According to the new rate, the price of 21-carat gold will be Tk 190,998 per bhori, 18-carat gold Tk 163,716, and traditional method gold Tk 136,014 per bhori.

BAJUS also noted that the government-fixed 5 percent VAT and a minimum making charge of 6 percent mus...