The price of gold has dropped by Rs 200 per tola in the domestic market on Sunday, according to the Federation of Nepal Gold and Silver Dealers’ Associations. Fine gold is currently being traded at Rs 120,500 per tola, down from Rs 120,700 per tola on Friday. Similarly, standard gold is being traded at Rs 119,900 per tola, compared to its price of Rs 120,100 per tola on Friday. On the other hand, the price of silver remains unchanged at Rs 1,455 per tola.
This drop in the price of gold could be influenced by a variety of factors such as changes in global gold prices, market demand, and the overall economic conditions. Additionally, fluctuations in the currency exchange rate and geopolitical events may also impact the price of gold in the domestic market.
Investors and individuals interested in purchasing gold or silver may find this price decrease to be an opportune time to make their purchases. However, it’s important to carefully consider all factors and do thorough research before making any investment decisions.
