Business

Gold price drops by Rs 1,100 per tola, silver holds steady

By THT Online

File Photo

KATHMANDU, MAY 3

The gold market saw another fluctuation on Friday, with the price of gold dropping by Rs 1,100 per tola in the domestic market.

This came after a significant jump of Rs 2,000 per tola on Thursday. Despite the surge the day before, gold couldn't sustain its momentum and reverted back on Friday.

According to the Federation of Nepal Gold and Silver Dealers' Association, the price of gold is currently at Rs 135,400 per tola, down from Thursday's rate of Rs 136,500 per tola. Similarly, tejabi gold is being traded at Rs 134,750 per tola, compared to Rs 135,850 per tola previously.

In contrast, the silver price remained stable on Friday, holding steady at Rs 1,645 per tola, the same as Thursday's rate.