Gold, silver prices fall

Kathmandu–The price of gold which was continuous on rise lately has started falling. According to the Federation of Nepal Gold and Silver Dealers Association, today, the price of yellow metal witnessed the Rs 900-fall per tola (11.66 grams).

On Thursday, its price went down by Rs 1,000 per tola. Today or Friday, the pure gold (24 karat) was traded at Rs 74,600 per tola while the price of Tejabi (worked) gold (22 karat) has been registered Rs 74,300 per tola.

Similarly, the price of silver also recorded a slight drop today. The price went down by Rs 15 per tola compared to Wednesday to be at Rs 885.

Wednesday recorded the ever highest price of gold in the country's history. It (fine gold) was traded at Rs 76,500 per tola and the price of Tejabi gold was Rs 76,200 per tola.

The precious metal being traded amidst general fluctuations in its price recorded the significant rise following the political imbroglio between the United States of America and Iran. The domestic price of gold is determined by its international price. Today, it was traded at US dollar 1549.95 per ounce (one ounce is equivalent to approximately 28.34 grams) and silver was traded at 17.92 per ounce.

On Monday, in the international market its price was US dollar 573.50 per ounce. According to the Federation, presently gold price saw a slight fall internally and its impact has been seen in the national market as well.