Gold prices dropped by Tk 2,449 to Tk 74,008 a bhari (11.66 grams) in the local market on Thursday.
Bangladesh Jewellers Samity (BAJUS) took this decision to balance the market in line with the prices of gold in the international market, said a press release.
The new prices will come into effect from today.
According to the BAJUS release, the price of 22-karat gold has been fixed at Tk 74,008 a bhari while the price of 21-karat gold decreased to Tk 70,859 a bhari and 18-karat gold to Tk 62,111 a bhari.
The price of traditional gold has been set at Tk 51,788 a bhari, the release added.