The gold market in Nepal has seen a minor decline as prices drop by Rs. 600 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now priced at Rs. 1,60,600 per tola, down from Rs. 1,61,200. Tejabi gold also witnessed a dip, currently valued at Rs. 1,59,900 per tola, reflecting a Rs. 600 drop from the previous rate of Rs. 1,60,500 per tola.
This decrease follows a peak on September 27, 2024, when fine gold hit Rs. 1,61,200 per tola, marking the highest rate this year.
Silver prices also fell by Rs. 10 per tola, with the current rate standing at Rs. 1,945 per tola, compared to the previous day’s price of Rs. 1,955.
The drop in domestic gold and silver prices aligns with international trends, where gold is trading at $2,657.90 per ounce and silver continues to decline, now at $31.62 per ounce.