Gold Prices Witness a Significant Drop of Rs 1,300 per Tola

In a noteworthy development, gold prices in the Nepali market experienced a substantial decline today, marking a reduction of Rs 1,300 per tola. The Nepal Gold and Silver Dealers’ Association, responsible for regulating and setting the prices, announced that the revised rates for fine gold now stand at Rs 117,800 per tola, while standard gold is being traded at Rs 117,250 per tola.

This considerable drop comes in stark contrast to the values recorded just last Friday, where fine gold was valued at Rs 119,100 per tola and standard gold at Rs 118,550 per tola. The sudden shift has captured the attention of investors and consumers alike, prompting speculation and interest in the factors contributing to this rapid change.

Furthermore, the price of silver has also been adjusted and is now fixed at Rs 1,455 per tola, reflecting the dynamic nature of precious metal markets.

It is important to note that the Nepal Gold and Silver Dealers’ Association determines these daily price adjustments based on the prevailing rates in the international market. The Federation’s commitment to keeping domestic prices in sync with global trends ensures transparency and responsiveness to the ever-changing dynamics of the precious metal market.