KATHMANDU, MARCH 22
The gold price, which soared to new heights in the domestic market on Thursday, reaching Rs 127,800 per tola, took a sharp downturn on Friday, plummeting by Rs 1,300 per tola.
On Thursday, gold had surged by Rs 2,600 per tola from its Wednesday rate of Rs 125,200, setting a fresh benchmark in the Nepali gold market. However, its upward trajectory faltered the next day, as it lost some of its recent gains.
According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold is currently being traded at Rs 126,500 per tola, while tejabi gold stands at Rs 125,900 per tola.
Meanwhile, silver, which also experienced a significant surge on Thursday, gaining Rs 35 per tola, mirrored the gold price trend by slipping Rs 55 per tola on Friday. The current trading rate for silver is Rs 1,500 per tola, marking a notable drop from its previous rate of Rs 1,555 per tola.
