Dhaka, Feb. 6 -- Gold prices in Bangladesh have been reduced by Tk7,640 per bhori on Friday, following a fresh price revision announced by the Bangladesh Jewellers Association (BAJUS).

The association explained that the decision was taken in view of an overall assessment of the market situation, particularly a fall in the local price of tejabi gold (pure gold).

Under the new rates, the price of 22-carat gold has been fixed at Tk254,450 per bhori (11.664 grams), which comes into effect immediately, BAJUS said in a statement.

According to the revised price list, 21-carat gold will now sell at Tk242,903 per bhori, while 18-carat gold has been priced at Tk208,202 per bhori.

Gold made under the traditional method has been fixed at Tk170,41...