, March 14 -- The price of gold has been reduced by Tk 2,683 per bhori in the local market, with the new rate for 22-carat gold set at Tk 262,265 per bhori, the Bangladesh Jewellers Association (Bajus) announced on Saturday.

In a statement issued in the morning, Bajus said the decision was taken considering the overall market situation following a decrease in the price of pure gold (tejabi gold) in the local market. The new rates came into effect immediately.

According to the revised prices, 21-carat gold will cost Tk 250,368 per bhori (11.664 grams), while 18-carat gold has been fixed at Tk 214,618 per bhori. The price of gold produced through the traditional method has been set at Tk 174,785 per bhori.

Bajus last adjusted gold prices...