, June 24 -- The prices of gold jewellery fell sharply in Bangladesh on Wednesday as the Bangladesh Jewellers Association (BAJUS) reduced rates across all categories, citing a decline in local bullion prices.

The price of the finest 22-carat gold jewellery, including VAT, was cut by Tk 5,482 per bhori (11.664 grammes) to Tk 2,25,290, effective from 10:00am.

BAJUS said the adjustment was made in line with a fall in the price of tejabi (pure) gold in the local market.

The reduction came just two days after BAJUS raised the price of 22-carat gold jewellery by Tk 4,432 per bhori on June 22, reflecting continued volatility in the domestic bullion market.

Besides 22-carat, the price of 21-carat gold jewellery was reduced by Tk 5,249 per bho...