Gold price declines to Rs 270,200 per tola, silver to Rs 3,600

KATHMANDU: Gold and silver prices declined in the domestic market on Sunday, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).

Fine gold is being traded at Rs 270,200 per tola, down Rs 1,500 per tola from Friday’s rate of Rs 271,700 per tola. Silver has also decreased by Rs 100 per tola and is being traded at Rs 3,600 per tola, compared to Rs 3,700 per tola on Friday.

The latest prices extend the downward trend seen in recent trading sessions. On Friday, fine gold had dropped by Rs 12,600 per tola to Rs 271,700 per tola, while silver had fallen by Rs 155 per tola to Rs 3,700 per tola.

Earlier, on November 9, fine gold was priced at Rs 284,300 per tola following a rise of Rs 1,300 per tola from the previous trading rate. Silver was traded at Rs 3,855 per tola on the same day after increasing by Rs 45 per tola.

In the international market, spot gold is trading at around $3,904 per troy ounce, while silver is priced at approximately $50 per troy ounce.