Gold prices mark fall

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FE Report
The price of gold has been reduced by Tk 1,000 per bhori (11.644 gram) across the board effective from last Friday.
"The price of the yellow metal fell in the international market and after analysing the trend we have decided to reduce the price," Enamul Haque Khan, General Secretary of Bangladesh Jewellers Samity (BJS), told the FE on Sunday.
The new prices of 22-carat, 21-carat and 18-carat gold will be Tk 34,000, Tk 32,484 and Tk 28,926 per bhori respectively.
The price of gold fell by about $100 per ounce (2.43 bhori or 28.35 gram) to close at $1,124 on the London Bullion Market Friday.
The BJS last week increased the prices of 22-carat, 21-carat and 18-carat gold to Tk 35,000, Tk 33,484 and Tk 29,926 per bhori respectively as the price of the precious metal was $1,217.4 per ounce on December 3.
The closing price on November 3 was $1,084.3, according to goldprice.org website.
"The jewellers in Bangladesh respond slowly to the high international market, thinking that they will lose customers if the price goes up," Mr Enam explained.