KATHMANDU: The prices of gold and silver have declined noticeably on Wednesday.
The price of gold has dropped by Rs. 1,600 per tola in the domestic market Wednesday as compared to Tuesday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of gold decreased to Rs. 96,000 per tola (11.664 grams) today compared to Rs. 97,600 of Tuesday.
Likewise, the price of silver has also decreased by Rs. 30 per tola to Rs. 1,175. Earlier on March 9, price of gold had reached Rs. 105,500 per tola in the local market.
The price of gold fell sharply on Wednesday in the local market due to decrease in its price in the international market, said Tej Ratna Shakya, gold trader and special member of the FENEGOSIDA.