KATHMANDU, FEBRUARY 5
Gold prices in the domestic market continued to drop on Monday, experiencing a decrease of Rs 400 per tola. This comes after a decrease of Rs 600 per tola on Sunday. The Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA) reported that the current price of fine gold is Rs 118,500 per tola, down from Rs 118,900 per tola on Sunday. Tejabi gold is also being traded at a lower price of Rs 117,950 per tola, compared to Sunday’s rate of Rs 118,350 per tola. In addition, the price of silver has also decreased to Rs 1,390 per tola, down from Sunday’s rate of Rs 1,395 per tola.
Insight: The decline in gold and silver prices may be attributed to various factors such as changes in global market trends, fluctuations in currency exchange rates, and geopolitical events. Additionally, the decrease in demand for gold and silver jewelry or investment may also contribute to the downward trend in prices. It’s important for consumers and investors to stay informed about market fluctuations and consider these factors when making decisions about buying or selling precious metals.
