KATHMANDU: The price of gold, which had been rising for four consecutive days, declined sharply on Friday, falling by Rs 3,200 per tola in the domestic market.
According to the Federation of Nepal Gold and Silver Dealers, gold is being traded at Rs 280,300 per tola today, down from Rs 283,500 on Thursday.
Gold had gained Rs 5,000 per tola over the previous four trading days. Its price increased by Rs 3,000 on Monday, Rs 8 on Tuesday, Rs 900 on Wednesday and Rs 300 on Thursday.
However, the precious metal had recorded a significant decline of Rs 11,700 per tola on Sunday, the first trading day of the week.
Silver prices also declined on Friday. The federation reported that silver had fallen by Rs 105 per tola to Rs 3,825, compared to Rs 3,930 on Thursday.
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