Gold price reduced by Tk 840 per bhori

The Bangladesh Jeweler’s Association (BAJUS) has decided to reduce the price of gold, two days after it had raised the same to a record high.

The price was cut by Tk 840 to Tk 1,18,798 per bhori following a decrease in the price of pure gold in the local market.

BAJUS's standing committee on pricing and price monitoring decided this in a meeting on Saturday, a press release said.

Now, gold of 22-carat will cost Tk 1,18,798 per bhori (11.664 grams), 21-carat Tk 1,13,397, 18-carat Tk 97,196, and gold of traditional method Tk 78,242 respectively.

The new prices will come into effect from this afternoon (April 20).

Earlier on Thursday (April 18), the jewelers association hiked the price of gold to a record high of Tk 1,19,638 per bhori.

MAS/SU