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Gold price drops by Rs 1,500 per tola, down Rs 14,100 since Tihar

gold
A gold shop in Kathmandu.

Kathmandu, November 15

The price of gold in the Nepali market fell by Rs 1,500 per tola on Sunday compared to Friday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, gold is being traded at Rs 270,200 per tola on Sunday.

Gold was priced at Rs 271,700 per tola on Friday. Before Tihar, on Monday, its price stood at Rs 284,300 per tola. The market rate was adjusted only on Friday following Monday’s price.

With Sunday’s decline, gold has become cheaper by Rs 14,100 per tola since Tihar.

Similarly, the price of silver fell by Rs 100 per tola on Sunday to Rs 3,600. It was traded at Rs 3,700 per tola on Friday.

Silver has dropped by Rs 255 per tola since Tihar, from Rs 3,855 on the Monday before the festival.

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