Gold prices in Bangladesh have been cut again, with the price of 22-carat gold, the highest quality available in the local market, reduced by Tk 5,481 per bhori (11.664 grams).
The new prices came into effect at 10am on Saturday, according to the Bangladesh Jewellers Association (BAJUS).
With the latest adjustment, the price of 22-carat gold has been fixed at Tk 217,592 per bhori, including VAT.
BAJUS said the prices were revised downward following a fall in the price of pure gold (tejabi gold) in the local market.
Under the revised rates, the price of 21-carat gold has been reduced by Tk 5,249 to Tk 207,794 per bhori, while 18-carat gold now costs Tk 178,459, down Tk 4,491.
The price of traditional-method gold has also been cut by Tk 3,674 to Tk 145,800 per bhori.
Gold prices were last reduced by Tk 1,633 per bhori on Friday. With the latest cut, the price of 22-carat gold has fallen by a total of Tk 7,114 per bhori in just two days.
Silver prices have also been reduced across all categories.
The price of 22-carat silver has been cut by Tk 175 to Tk 3,499 per bhori. Meanwhile, 21-carat silver now costs Tk 3,383, down Tk 116.
The price of 18-carat silver has been reduced by Tk 117 to Tk 2,916, while traditional-method silver has become cheaper by Tk 58, bringing its price to Tk 2,216 per bhori.