The price of gold has once again seen a reduction in the country's market, signaling relief for buyers. The best quality, or 22-carat gold bar, has seen a decrease of Tk 1,878, bringing the price down to Tk 1,09,163.

This decision, announced on Thursday, is attributed to the decline in the price of acidic gold in the local market and will come into effect from Friday.

This marks the eighth reduction in gold prices, with previous reductions occurring on April 30, April 29, April 28, April 27, April 25, April 24, and April 23, totaling a significant decrease in price over the past weeks.

Earlier instances saw a series of price increases on April 6, April 8, and April 18, with notable increments in the price of gold.

The decision to reduce prices again was made during a meeting of the Bajus Standing Committee on Pricing and Price Monitoring Committee held on Thursday.

Under the new pricing, 21-carat gold will be available at Tk 1,04,194, 18-carat at Tk 89,311, and traditional method gold at Tk 74,276.

Meanwhile, the price of silver remains unchanged, with 22-carat silver priced at Tk 2,100, 21-carat at Tk 2,006, 18-carat at Tk 1,715, and traditional silver at Tk 1,283.