Sharp Decline in Gold and Silver Prices in Nepali Market

The Nepali gold market witnessed a significant drop in prices on Wednesday, following a record-high trading value the previous day.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of Fine Gold fell by a substantial Rs. 7,500 per tola, now being traded at Rs. 190,400 per tola. On Tuesday, gold had reached an all-time high of Rs. 197,900 per tola.

Similarly, silver prices also saw a slight decline. It dropped by Rs. 5 per tola compared to Tuesday's rate. Silver is currently being traded at Rs. 1,965 per tola, down from Rs. 1,970.