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 5,481 taka 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 217,592 taka 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 5,249 taka to 207,794 taka per bhori, while 18-carat gold now costs 178,459 taka, down 4,491 taka.

The price of traditional-method gold has also been cut by 3,674 taka to 145,800 taka per bhori.

Gold prices were last reduced by 1,633 taka per bhori on Friday. With the latest cut, the price of 22-carat gold has fallen by a total of 7,114 taka 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 175 taka to 3,499 taka per bhori. Meanwhile, 21-carat silver now costs 3,383 taka, down 116 taka.

The price of 18-carat silver has been reduced by 117 taka to 2,916 taka, while traditional-method silver has become cheaper by 58 taka, bringing its price to 2,216 taka per bhori.