, March 19 -- Gold price in Bangladesh dropped sharply on Thursday, losing Tk 15,338 per bhori in 24 hours, as the Bangladesh Jewellers Association (BAJUS) announced two consecutive price cuts on the same day.

In a morning notification, BAJUS reduced the price of 22-carat gold by Tk 7,640 per bhori. Just six hours later, it issued another notice slashing the price by an additional Tk 7,698, bringing the total reduction to Tk 15,338 in a single day.

Following the latest adjustment, the price of 22-carat gold now stands at Tk 246,927 per bhori (11.664 grams).

According to BAJUS, the revision was made in line with a decline in the price of pure gold in the local market. The new rates came into effect immediately.

Under the revised prices...