Gold cheaper by Rs 11,300 as silver slides Rs 110 per tola in a week
Summary
Gold prices in Nepal’s domestic market fell by Rs 11,300 per tola last week, dropping to Rs 271,700 as silver also slid to Rs 3,700 per tola. Reuters said global gold prices weakened amid rising oil prices, inflation fears and higher interest rates.
Key Points
- The price of gold in Nepal declined by Rs 11,300 per tola last week, closing at Rs 271,700.
- Gold saw its biggest single-day fall of Rs 12,600 on Friday, while it rose Rs 1,300 on Sunday and stayed stable on other days.
- Silver also fell by Rs 110 per tola over the week, reaching Rs 3,700.
- Reuters linked the global decline in gold prices to rising oil prices, inflation concerns and higher interest rates.
