Gold price down Rs 4,500 as silver loses Rs 155 per tola
Summary
Gold prices in Nepal fell by Rs 4,500 per tola last week, while silver dropped by Rs 155 per tola. The decline followed weaker international bullion prices as U.S. Federal Reserve rate-hike expectations strengthened the dollar.
Key Points
- Gold in Nepal fell to Rs 298,600 per tola from Rs 303,100 in the previous week.
- Silver prices also declined, slipping from Rs 4,775 to Rs 4,620 per tola.
- The drop in global gold prices was linked to hawkish signals from Federal Reserve policymakers and a stronger U.S. dollar.
