Gold price declines, silver follows suit
Summary
Gold price decreased by Rs 3,600 per tola to Rs 294,000, while silver dropped by Rs 165 per tola to Rs 4,780. International prices also fell amid geopolitical tensions and oil price rises.
Key Points
- Gold price declined by Rs 3,600 per tola to Rs 294,000 as fixed by the Federation of Nepal Gold and Silver Dealers’ Association.
- Silver price dropped by Rs 165 per tola to Rs 4,780 compared to the previous day.
- Gold prices had surged Rs 8,400 per tola over the week before this decline.
- International market prices for gold and silver fell due to possible US military action in Iran, rising crude oil prices, and reduced interest rate cut expectations.
