Dhaka, April 9 -- The price of gold in Bangladesh has been reduced by Tk 4,432 per bhori within 24 hours of the latest hike, as the Bangladesh Jeweller's Association (BAJUS) announced a fresh adjustment on Thursday.

According to a press release, BAJUS cut the price by Tk 4,432, setting the rate of 22-carat gold at Tk 247,977 per bhori with immediate effect.

The decision was taken after a decline in the price of pure gold (tejabi gold) in the local market, the association said.

Under the new rates, the price of 21-carat gold has been reduced by Tk 4,199 to Tk 236,721 per bhori. The price of 18-carat gold has been lowered by Tk 3,616 to Tk 202,895 per bhori.

The price of traditional-method gold has also been cut by Tk 2,916, bringing it...