Dhaka, April 23 -- The Bangladesh Jewellers Association (Bajus) has announced a significant reduction in gold prices on Wednesday, following three consecutive hikes since Saturday.

In a notification issued by Masudur Rahman, Chairman of the Bajus Price Determination and Price Monitoring Standing Committee, the association said the price of 22-carat gold has been slashed by Tk 5,342 per bhori.

The revised rate now stands at Tk 1,72,546 per bhori, reports UNB.

The new pricing came into effect from 4:15 pm on Wednesday, according to the Bajus notice.

The decision to revise prices downward comes in response to a decrease in the local market value of pure gold. BAJUS said the adjustment reflects the current market dynamics and has been mad...