KATHMANDU: The prices of gold and silver have declined in Nepal, with the price of fine gold falling Rs 3,200 per tola and silver dropping Rs 105 per tola.
According to the latest rates for Kartik 13, 2083, fine gold is priced at Rs 280,300 per tola, while the price of gold stands at Rs 240,310 per 10 grams.
Similarly, silver is priced at Rs 3,825 per tola and Rs 3,279.5 per 10 grams.
The latest figures show a significant decline from the previous day’s rates. On Kartik 12, fine gold was priced at Rs 283,500 per tola and Rs 243,055 per 10 grams, while silver stood at Rs 3,930 per tola and Rs 3,370 per 10 grams.
Gold has therefore declined by Rs 3,200 per tola, while its 10-gram price has fallen by Rs 2,745. Silver has dropped Rs 105 per tola and Rs 90.5 per 10 grams.
The fall comes after gold had edged higher in the previous session. On Thursday, fine gold had increased by Rs 300 per tola to Rs 283,500, while silver had fallen Rs 50 to Rs 3,930.
The daily prices of gold and silver in Nepal are published based on rates set by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), with prices influenced by movements in international precious-metal markets and currency exchange rates.
The latest decline is likely to draw attention from consumers, jewellery businesses and investors monitoring precious-metal prices ahead of the upcoming festive and wedding season.
