Jewellers have cut the prices of gold by Tk 1,166 per bhori after the prices went up several times this year.

‪Bangladesh Jewellers' Association (BJS) in a media statement on Tuesday also said the per bhori price of silver will remain unchanged.

It said the new rates will be effective from Wednesday.

After the latest drop, a bhori of 22-carat or best quality gold will now cost Tk ‪73,133.

A bhori of 21-carat gold will now cost Tk 69,984, 18-carat Tk 61,236 and traditional gold Tk 50,913.

‪BJS President Enamul Haque Khan said the prices of the precious yellow metal in the local market have been adjusted to the slide in the international market.