Dhaka, June 11 -- Prices of gold in Bangladesh have been reduced for the fourth consecutive time, with the Bangladesh Jeweller's Association (BAJUS) cutting the rate of 22-carat gold by Tk 4,432 per bhori (11.664 grams) to Tk 218,350.

In a notice issued on Thursday morning, the trade body said the new prices took effect from 10:00am.

It attributed the latest adjustment to a decline in the price of pure gold in the local market, prompting it to revise gold rates after considering the overall market situation.

Under the new pricing structure, 21-carat gold will cost Tk 208,436 per bhori, while the price of 18-carat gold has been set at Tk 178,692 per bhori. The price of gold produced under the traditional method has been fixed at Tk 145,...