The Bangladesh Jeweler’s Association (BAJUS) has decided to reduce the price of gold, a day after it had raised the same to a record high.
The price was cut by Tk 1,750 to Tk 1,10,691 per bhori following a decrease in the price of pure gold in the local market.
BAJUS's standing committee on pricing and price monitoring took the decision in a meeting on Thursday, a press release said.
Now, gold of 22-carat will cost Tk 1,10,691 per bhori (11.664 grams), 21-carat Tk 1,05,676, 18-carat Tk 90,571, and gold of traditional method Tk 75,466 respectively.
The new prices will come into effect from Friday (January 19).
Earlier on Wednesday (January 17), the jewelers association hiked the price of gold to a record high of Tk 1,12,441 per bhori.
MAS/SU