The trading price of gold and silver witnessed a slight decline on the fourth day of the week in Kathmandu. Gold decreased by Rs 100 per tola, while silver declined by Rs 5 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Associations, the trading price of fine gold stands at Rs 118,500 per tola on Wednesday, down from Rs 118,600 the previous day. This decline comes after the gold price remained stagnant for four days and then started to decrease gradually, reaching Rs 118,800 per tola on Monday.
Similarly, standard gold is being traded at Rs 117,950 per tola, down from Rs 118,050 per tola yesterday. Silver is currently being traded at Rs 1,410 per tola, down from Rs 1,415 per tola on Monday and Tuesday, and Rs 1,420 per tola for the four days prior.
In the international market, the price of gold is at $2028.58 per ounce on Wednesday, down from $2032.13 on Tuesday and $2045.57 on Sunday. Meanwhile, silver is trading at $22.94 per ounce on Wednesday, down from $23.09 on Tuesday.
Additional insight: The slight decline in the trading price of gold and silver in Kathmandu may be attributed to various factors such as changes in supply and demand, fluctuations in international markets, and investor sentiment. This fluctuation in price emphasizes the volatility of precious metals and the importance of staying updated on market trends for those involved in trading and investing in gold and silver.
