Kathmandu — Gold prices continued to fall in Nepal on Wednesday. The price dropped by Rs 1,500 per tola, extending the downward trend seen this week.
According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now trading at Rs 300,400 per tola. On Tuesday, the price was Rs 301,900 per tola.
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Gold Down Rs 5,400 Since Sunday
Gold has been declining since the start of the week. On Sunday, the price stood at Rs 305,800 per tola.
Since then, the yellow metal has fallen by Rs 5,400 per tola in just four days.
As a result, traders and buyers are closely watching the market for further changes.
Silver Price Also Falls
Silver prices also decreased slightly on Wednesday.
Silver is currently trading at Rs 4,880 per tola, down by Rs 5 from Tuesday’s price of Rs 4,885 per tola.
Market trends in international prices and currency movements often affect domestic gold and silver rates.
