Gold price continues downward trend, falls further on Monday
Summary
Gold prices in Kathmandu declined sharply on Monday to Rs 286,600 per tola after hitting a historic high of Rs 339,300 last week, with silver prices also dropping to Rs 5,200 per tola.
Key Points
- Gold price in Nepal fell by Rs 13,400 per tola on Monday, reaching Rs 286,600 per tola.
- The decline marks the third consecutive day of falling gold prices following a record high of Rs 339,300 per tola.
- Silver prices also decreased significantly, dropping Rs 300 per tola to Rs 5,200 on Monday.
- Market volatility is attributed to global market fluctuations, profit-booking, and changing domestic demand.
