Gold Price Drops by Rs. 500 per Tola; Current Trading Rate

Kathmandu – The price of gold in Nepal's market fell by Rs. 500 per tola on Friday, settling at Rs. 194,700 per tola for hallmarked gold, according to the Nepal Gold and Silver Dealers' Association. This marks a decline from Thursday's rate of Rs. 195,200 per tola.

Silver Prices Edge Up

  • Silver saw a marginal increase, rising by Rs. 5 per tola to Rs. 2,340 per tola, up from Rs. 2,335 per tola the previous day.

Market Context

The drop in gold prices aligns with global market trends, where gold rates have been fluctuating due to shifting investor sentiment and economic indicators. Traders suggest the decline reflects reduced demand amid ongoing market volatility.