Gold prices in the domestic market have been reduced once more, with the Bangladesh Jewellers Association (BAJUS) cutting the price of 22-carat gold by Tk 1,364 per bhori.

The new price for 22-carat gold has been set at Tk 206,908 per bhori, effective from Wednesday.

BAJUS announced the revised rates in a statement on Tuesday night, citing a decrease in the local market price of pure gold (tejabi gold) as the reason for the adjustment.

According to the new price chart, 21-carat gold will now cost Tk 197,495 per bhori, 18-carat gold Tk 169,291 per bhori, and traditional method gold Tk 140,761 per bhori.

In addition to the base price, buyers must also pay a mandatory 5 percent VAT and a minimum 6 percent making charge fixed by BAJUS, though making charges may vary depending on design and craftsmanship.

BAJUS last revised the gold prices on November 15, when the price of 22-carat gold was reduced by Tk 5,447 to Tk 208,272 per bhori.

With the latest revision, gold prices have been adjusted 78 times so far this year — increased 53 times and reduced 25 times.

Meanwhile, silver prices remain unchanged, with 22-carat silver selling at Tk 4,246 per bhori.