KATHMANDU: The price of gold saw a sharp decline of Rs 1,300 per tola on Wednesday, according to the Federation of Nepal Gold and Silver Dealers’ Association.
The new price of fine gold has been set at Rs 192,000 per tola, down from Rs 193,300 the previous day. Gold had previously reached its all-time high of Rs 197,900 per tola on April 21.
Meanwhile, silver prices also dropped by Rs 15 per tola, falling to Rs 2,260 from Rs 2,275 the day before. Silver had recorded its all-time high of Rs 2,315 per tola just this past Monday.
The sharp fall in both gold and silver prices is believed to reflect shifts in international market trends, as well as fluctuations in the U.S. dollar and global interest rate expectations.
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