Gold prices in Bangladesh have been reduced once again, with the rate of 22-carat gold, the finest quality available in the domestic market, slashed by BDT 5,481 per bhori (11.664 grams).

The updated rates took effect at 10 am on Saturday, according to the Bangladesh Jewellers Association (BAJUS).

With the recent adjustment, the rate of 22-carat gold has been set at BDT 217,592 per bhori, inclusive of VAT.

BAJUS noted that the rates were revised downward following a decline in the price of pure gold (tejabi gold) in the domestic market.

Under the updated structure, the price of 21-carat gold has been lowered by BDT 5,249 to BDT 207,794 per bhori, whereas 18-carat gold currently costs BDT 178,459, down by BDT 4,491.

The rate for traditional-method gold has likewise been trimmed by BDT 3,674 to BDT 145,800 per bhori.

Gold rates were previously lowered by BDT 1,633 per bhori on Friday. With the newest reduction, the price of 22-carat gold has dropped by a cumulative BDT 7,114 per bhori within merely two days.

Silver rates have additionally been lowered across all categories.

The price of 22-carat silver has been trimmed by BDT 175 to BDT 3,499 per bhori. Meanwhile, 21-carat silver now stands at BDT 3,383, down by BDT 116.

The rate of 18-carat silver has been reduced by BDT 117 to BDT 2,916, while traditional-method silver has become less expensive by BDT 58, taking its price to BDT 2,216 per bhori.