Gold and Silver Prices Decline in Nepal
Gold and silver prices fell in the Nepali market on Sunday, reversing part of the recent gains in precious metals.
Gold and silver prices declined in Nepal on Sunday, easing after recent volatility in the domestic bullion market, according to the Nepal Gold and Silver Dealers Federation.
The price of fine gold dropped by Rs 2,100 per tola to trade at Rs 260,400. In the previous trading session on Friday, gold had been priced at Rs 262,500 per tola.
Silver prices also moved lower during the session. The metal slipped by Rs 25 per tola, trading at Rs 4,500, compared with Rs 4,525 per tola in the previous session.
Market participants attributed the decline to profit-taking following recent price increases, while investors continue to track movements in international bullion markets for further direction.