KATHMANDU, MAY 1

The domestic gold market experienced a significant plunge on Wednesday, with prices dropping by Rs 2,700 per tola.

According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold is currently trading at Rs 134,500 per tola, a notable decrease from Rs 137,200 per tola on Tuesday. Similarly, tejabi gold is now being traded at Rs 133,850 per tola, compared to Rs 136,550 per tola the previous day.

In line with this trend, the price of silver has also experienced a decline, dropping by Rs 20 per tola to reach Rs 1,630 per tola, down from Rs 1,650 per tola on Tuesday.