Gold and Silver Prices Continue to Fall in Nepali Market

Gold and silver prices in the Nepali market declined again on Monday, continuing the downward trend seen since last Friday.

According to the Nepal Gold and Silver Dealers’ Association, gold prices have fallen sharply over the past three days. The price dropped by Rs 20,500 per tola on Friday, Rs 18,800 on Sunday, and a further Rs 13,400 on Monday, bringing the total decline to Rs 52,700 per tola within three days.

On Sunday, gold was traded at Rs 300,000 per tola, but on Monday the price fell to Rs 286,600 per tola.

Silver prices also saw a significant drop on Monday. Silver, which was traded at Rs 5,500 per tola on Sunday, declined to Rs 5,200 per tola on Monday — a decrease of  Rs 305 per tola compared to the previous day.

Meanwhile, in the international market, gold is being traded at USD 4,673 per ounce today.