Gold prices have declined sharply in the country's domestic market, with the rate for 22-carat gold dropping by Tk 7,640 per bhori (11.664 grams).
The new price now stands at Tk 254,450 per bhori, down from Tk 262,090.
The Bangladesh Jewellers Association (BAJUS) announced the revision in response to falling prices of tejabi gold (refined pure gold) in the international market.
The updated rates took effect from 10:00 am on Friday, February 6.
The decision was taken during a meeting of BAJUS's Standing Committee on Pricing and Price Monitoring and formalised through a notification signed by committee chairman Dr Dewan Aminul Islam Shahin.
The reduction marks a dramatic reversal after an unusually volatile pricing week. On February 3, gold prices surged twice within hours, first rising by Tk 5,424 per bhori at 10:30 am, then climbing another Tk 10,906 at 3:45 pm. After trading at the elevated rate of Tk 2,62,090 for three days, prices have now been corrected downward.
BAJUS has revised gold prices, with 22-carat gold down Tk 7,640 to Tk 2,54,450 per bhori, 21-carat down Tk 7,290 to Tk 2,42,903, 18-carat down Tk 6,241 to Tk 2,08,202, and traditional gold down Tk 5,740 to Tk 1,70,411.
Silver prices have also been reduced, with fine silver (999 purity) down Tk 175 to Tk 6,357 per bhori, standard silver down Tk 175 to Tk 6,065, commercial silver down Tk 165 to Tk 5,010, and traditional silver down Tk 117 to Tk 3,907 per bhori.
MAAS/MHK