Gold price in is continuously dropping, relief in market
On Tuesday, the price of gold fell by Rs 2,400 per tola, extending the precious metal’s recent slide on the local market. This fall comes after a cut of Rs 1,000 per tola on Monday and Rs 500 per tola on Sunday. Last week, gold prices fluctuated, with an uptick of Rs 2,000 per tola on Friday following a large loss of Rs 4,000 per tola on Thursday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently priced at Rs 162,600 per tola, down from Rs 165,000 per tola just the day before. Furthermore, the price of silver has continued to fall, dropping by Rs 30 per tola. On Monday, silver was trading at Rs 1,955 per tola; it is now available for Rs 1,925 per tola.
