Jewellers have lowered the price of gold by Tk1,890 to Tk1,40,376 per bhori (11.664 grams) amid a tariff drop on pure gold after witnessing a price hike three times in a week.

The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision at a meeting on Monday.

The price of 22-carat gold is now Tk12,035 per gram, while it is Tk11,488 for 21-carat gold, according to a press release signed by the committee chairman, Masudur Rahman.

The price of 18-carat gold has been fixed at Tk9,847 a gram, while that of traditional gold is at Tk8,087 a gram.

New tariffs will come into effect on Tuesday, the release added.

Prices of silver, however, remained unchanged.

The price of 22-carat silver is Tk221 per gram, 21-carat Tk210, 18-carat Tk181, and traditional silver Tk136 a gram.