Decrease in Gold Prices in the Domestic Market
KATHMANDU, April 22: The price of gold has decreased by Rs 1,100 per tola in the domestic market on Monday. Fine gold is being traded at Rs 138,200 per tola today, down from Rs 139,300 per tola on Sunday. Similarly, the price of standard gold has also dropped to Rs 137,550 per tola, compared to Rs 138,650 per tola the previous day.
Impact of Decreased Gold Prices
The decrease in gold prices may be attributed to various factors such as changes in international gold rates, market demand, and economic conditions. Investors and traders often closely monitor gold prices as it is considered a safe-haven asset during times of economic uncertainty.
Decrease in Silver Prices
Furthermore, the price of silver has also witnessed a decrease by Rs 35 per tola. The current rate of silver stands at Rs 1,705 per tola on Monday, down from Rs 1,740 per tola on Sunday.
Relation Between Gold and Silver Prices
Gold and silver prices are often closely linked in the commodities market. When gold prices decrease, it is not uncommon for silver prices to follow suit. This correlation is due to the similar nature of both precious metals as safe-haven assets and their use in investment portfolios.
