Dhaka, Sept. 26 -- The Bangladesh Jewellers Association (BAJUS) has cut gold prices in the domestic market after two consecutive increases, reducing the price of 22-carat gold by Tk 1,691 per bhori to Tk 232,930, including VAT.

BAJUS announced the revised prices in a notice issued Saturday morning. The new rates came into effect at 10am the same day.

According to the notice, the price of pure gold, locally known as tezabi gold, has declined in the local market. Considering the overall market situation, BAJUS revised the prices of gold, including VAT.

Under the new rates, a bhori (11.664 grams) of 22-carat gold will cost Tk 232,930, while 21-carat gold will cost Tk 222,491 per bhori. The price of 18-carat gold has been set at Tk 191,056...