Dhaka, March 12 -- The price of gold in Bangladesh dropped by Tk 3,324 per bhori on Thursday, following two consecutive hikes, according to the Bangladesh Jewellers Association (BAJUS).

In a notification issued on morning, BAJUS said the new price of 22-carat gold has been fixed at Tk 267,106 per bhori (11.664 grams), effective immediately.

The association said the price adjustment was made as the price of pure gold (tejabi gold) declined in the local market.

Under the new rates, 21-carat gold will cost Tk 254,975 per bhori, while 18-carat gold has been priced at Tk 218,583 per bhori. The price of gold produced through the traditional method has been set at Tk 178,401 per bhori.

BAJUS last adjusted gold prices on March 11, when the pr...