Dhaka, Nov. 15 -- After four consecutive hikes, the Bangladesh Jewellers Association (BAJUS) has reduced gold prices by Tk 5,447 per bhori, bringing the new rate for 22-carat gold to Tk 208,272 per bhori.

The revised prices will take effect from Sunday, the association said in a statement on Saturday night, UNB reports.

BAJUS said the price cut follows a decline in the local market rate of pure (tejabi) gold, prompting a fresh adjustment based on overall market conditions.

As per the new pricing, one bhori (11.664 grams) of 22-carat gold will cost Tk 208,272.

Meanwhile, 21-carat gold will be sold at Tk 198,801 per bhori, 18-carat at Tk 170,399, and traditional method gold at Tk 141,718 per bhori.

The association noted that a mandator...