Gold price declines Rs 6,400 as silver becomes cheaper by Rs 165 per tola
Summary
Gold prices in Nepal’s domestic market fell by Rs 6,400 per tola last week, while silver dropped by Rs 165 per tola. The decline came amid strong US jobs data, expectations of higher interest rates, and shifting inflation concerns linked to global oil prices.
Key Points
- Gold in the domestic market fell from Rs 307,400 to Rs 301,000 per tola last week.
- Silver also declined, dropping from Rs 4,765 to Rs 4,600 per tola.
- Reuters linked the fall in gold prices to strong US jobs data and possible Federal Reserve interest-rate increases.
- Rising US inflation expectations and oil-price-driven geopolitical tensions briefly pushed gold higher during the week.
