Bangladesh Jewellers' Association (Bajus) has fixed the new price of gold in the country's market.
Bajus said in a press release on Tuesday (March 19) that gold prices cut by 1.5 percent to Tk 111,158 a bhori (11.664 grammes) from the existing Tk 112,907 a bhori which is the highest in the history of Bangladesh.
The Bajus said in a statement that the new prices will be effective from Wednesday (March 20).
However, the annual demand for gold stands in between 20 tonnes and 40 tonnes.