Gold price falls sharply for second consecutive day
Summary
Gold prices in Nepal fell sharply for the second consecutive day, dropping to Rs 300,000 per tola amid market volatility. Silver prices also declined significantly, reflecting fluctuations in both domestic and international markets.
Key Points
- Gold prices in Nepal declined by Rs 18,800 per tola on February 1, trading at Rs 300,000 per tola.
- This drop followed a sharp correction after a historic high of Rs 339,300 per tola last week.
- Silver prices also decreased significantly, falling to Rs 5,500 per tola on February 1.
- The volatility is linked to fluctuations in the international market and domestic demand dynamics.
