Gold price plunges Rs 11,100 as silver becomes cheaper by Rs 200 per tola
Summary
Gold prices in Nepal’s domestic market fell by Rs 11,100 per tola last week, while silver slipped by Rs 200 per tola. The decline tracked global market movements as investors weighed expectations of a US Federal Reserve rate hike and easing Treasury yields.
Key Points
- The price of gold in Nepal’s domestic market dropped to Rs 307,400 per tola from Rs 318,500 per tola last week.
- Silver prices also fell, decreasing from Rs 4,965 to Rs 4,765 per tola.
- Reuters said gold hit a two-week low as investors assessed growing expectations of a Federal Reserve rate hike.
- Gold prices recovered somewhat later in the week as US Treasury yields eased and oil prices softened.
