Dhaka, July 14 -- The Bangladesh Jewellers Association (BAJUS) on Tuesday cut the price of gold for the second time in 24 hours, slashing the rate of 22-karat gold by Tk 2,158 per bhori to set the new price at Tk 219,808, inclusive of VAT.

In a notice issued in the morning, BAJUS said the fresh price cut reflects a decline in the price of pure gold in the local market. The revised rates came into effect from 10 am on Tuesday.

According to the new pricing, each bhori (11.664 grams) of 21-karat gold will now cost Tk 209,894, while 18-karat gold has been priced at Tk 180,267 per bhori. Traditional gold will sell at Tk 147,316 per bhori.

BAJUS said the new prices will remain in effect until further notice, though making charges will contin...