The Bangladesh Jewellers Association (BAJUS) has further reduced gold prices in the local market, cutting the price of 22-carat gold by Tk 2,216 per bhori (11.664 grams) to Tk 217,592, including VAT.

The revised price came into effect at 10:00am on Saturday, following a decline in the price of pure gold (tejabi gold) in the local market, BAJUS said in a statement.

This is the latest in a series of price cuts.

Gold prices were reduced by Tk 2,158 per bhori on Friday, Tk 2,216 on November 13, Tk 2,741 on November 11 and another Tk 2,741 on November 6, according to the association.

Under the revised rates, the price of 21-carat gold has been reduced by Tk 2,100 to Tk 207,794 per bhori, while 18-carat gold now costs Tk 178,459, down by Tk 1,808.

The price of traditional-method gold has also been cut by Tk 1,516 to Tk 145,800 per bhori.

Previously, the price of 22-carat gold was Tk 219,808 per bhori, while 21-carat gold was sold at Tk 209,894.

The prices of 18-carat and traditional-method gold stood at Tk 180,267 and Tk 147,316 per bhori, respectively, until on Saturday.

Meanwhile, silver prices have remained unchanged despite the reduction in gold prices.

Under the existing rates, 22-carat silver costs Tk 3,499 per bhori, while 21-carat silver is priced at Tk 3,383.

The prices of 18-carat and traditional-method silver stand at Tk 2,916 and Tk 2,216 per bhori, respectively.