The price of gold in Bangladesh has seen another sharp decline, with 22-carat gold falling by more than Tk10,000 per bhori in just 24 hours.
The Bangladesh Jewellers’ Association (Bajus) said the new price was set following a decline in the price of pure gold both internationally and locally. The new rate will take effect from Wednesday.
Under the new price, 22-carat gold per bhori (11.664 grams) has fallen by Tk10,474, reaching Tk1,93,809.
On Tuesday, Bajus’s Standing Committee on Pricing and Price Monitoring decided on this adjustment in a meeting. The committee chairman, Masudur Rahman, later announced it in an official notice.
The recent drop in international gold prices, reduced domestic demand, and changing investment trends prompted Bajus to make a major adjustment in gold prices over two consecutive days.
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