The domestic gold market experienced a consecutive drop in prices on Monday, following Sunday’s decrease, causing concern among investors and traders. According to the Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), the decline saw fine gold prices fall by Rs 400 per tola, now trading at Rs 118,500 per tola compared to Sunday’s rate of Rs 118,900 per tola.
Similarly, Tejabi gold, another prominent variant, is currently being traded at Rs 117,950 per tola, reflecting a decrease from its Sunday rate of Rs 118,350 per tola. The back-to-back declines have raised questions about the factors contributing to this downward trend in the precious metals market.
In addition to the gold market, the price of silver has also witnessed a dip, with the current rate at Rs 1,390 per tola, down from Sunday’s rate of Rs 1,395 per tola. The overall decline in both gold and silver prices has created an atmosphere of caution and interest among investors, who are closely monitoring the market for potential fluctuations in the coming days.