The Bangladesh Jewellers Association (BAJUS) has reduced gold prices in the domestic market, cutting the price of 22-carat gold by 3,266 taka per bhori to 228,031 taka.

The new prices took effect at 10am on Tuesday. BAJUS said the adjustment followed a fall in the price of pure (tejabi) gold in the local market.

The decision was taken at a meeting of the association’s Standing Committee on Pricing and Price Monitoring.

Under the revised rates, 21-carat gold will sell for 217,767 taka per bhori, down 3,149 taka. The price of 18-carat gold has been cut by 2,683 taka to 187,032 taka, while gold produced using the traditional method will cost 152,798 taka per bhori, down 2,158 taka.

BAJUS last raised gold prices on October 9, when the price of 22-carat gold increased by 2,216 taka to 231,297 taka per bhori. The latest reduction comes just four days later.

Following the earlier adjustment, 21-carat gold was priced at 220,916 taka per bhori, 18-carat gold at 189,715 taka and traditional-method gold at 154,956 taka.

BAJUS has also reduced silver prices. A bhori of 22-carat silver will now cost 4,199 taka, down 117 taka.

The price of 21-carat silver has been cut by 175 taka to 4,966 taka per bhori, while 18-carat silver has fallen by 117 taka to 3,441 taka. Traditional-method silver will now cost 2,624 taka per bhori, down 59 taka.