Gold and Silver Prices Decline Further in Nepali Market — Downtrend Persists

The downward trend in gold and silver prices in the Nepali market continued on Tuesday, Kartik 11. On this day, the price of gold dropped by Rs 2,900 per tola, while silver fell by Rs 60 per tola.

According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), hallmark gold is currently being traded at Rs 237,000 per tola. On the previous day (Monday), the same was traded at Rs 239,900 per tola. Similarly, silver, which was traded at Rs 2,980 per tola on Monday, is now being traded at Rs 2,920 per tola.

Analysts say the continued decline is influenced by global market trends and a stronger US dollar, which has reduced the appeal of precious metals as safe-haven assets. The Nepali market, being import-dependent, directly mirrors international price movements, leading to a steady drop in domestic rates.