Bangladesh Jewellers' Association (BAJUS) has reduced the price of gold by Tk2,508 per ounce.
According to a statement signed by BAJUS President Enamul Haque Khan and General Secretary Dilip Kumar Agarwala on Tuesday, the new price will be effective from Wednesday.
Despite unprecedented ups and downs in the international gold market, the association has decided to reduce the prices in Bangladeshi market.
However, the price of silver will remain unchanged.
According to the new rate, the price of per gram (11.64 grams) quality gold such as 22-carat gold has been fixed at Tk73,833.
The price of 21-carat gold has been set at Tk70,684 whereas 18-carat gold will now cost Tk61,936.
Each ounce of traditional gold is priced at Tk51,613.