KATHMANDU, APRIL 5
Following a continuous streak of record-breaking highs in the domestic gold market, the price took a notable dip on Friday, plummeting by Rs 1,300 per tola.
Just a day prior, on Thursday, gold had soared to an unprecedented peak of Rs 134,000 per tola, marking a increase of Rs 1,000 per tola from Wednesday's rates.
However, the yellow metal couldn't maintain its upward momentum, experiencing a significant drop today to Rs 132,700 per tola, as reported by the Federation of Nepal Gold and Silver Dealers' Association.
Similarly, Tejabi gold is now being traded at Rs 132,050 per tola, down from Thursday's rate of Rs 133,350 per tola.
In similar tandem, the silver market mirrored the movements of gold, witnessing a decrease of Rs 35 per tola on Friday. Presently, silver is valued at Rs 1,615 per tola, a drop from Thursday's rate of Rs 1,650 per tola.
While the gold market experienced a drop during the week, silver had been steadily climbing. However, it too succumbed to the downward trend today, unable to sustain its previous gains.
