Gold Price Sees Sharp 2.96% Decline, Drops to Rs. 272,000 Per Tola

Gold prices have witnessed a sharp fall in the domestic market today, falling by Rs. 8,300 per tola to settle at Rs. 272,000 per tola, down from the previous rate of Rs. 280,300 per tola.

Gold price in the international market have dropped sharply as well to about $3,875 per ounce, down $145 from the previous close, reflecting a significant fall of 3.61% in a day in global markets. 

The Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA) reported that Tejabi gold price also falls by Rs.8300 per tola in local market to reach Rs.271,300 per tola, compared to Rs. 279,600 per tola on the previous day.

Similarly, Silver prices moved in same direction; the price falls by Rs. 175, now trading at Rs. 3,650 per tola, up from the previous rate of Rs. 3,825 per tola.