Bullion dealers across the country traded gold at Rs 59,195 per tola on Tuesday as its international price dropped by US$14 per troy ounce and settled at $1663.[break]
Officials of Nepal Gold and Silver Dealers Association (Negosida) said the gold price came down because they revised prices in line with the international prices.
"The demand for gold on the day eased in the international market, leading to drop in price. This lowered our import cost and subsequently reduced price in the domestic market," said Diyesh Ratna Shakya, secretary of Negosida.
The price of silver also came down on Tuesday. “Price of silver dropped by Rs 10 per tola and was traded at Rs 1,120 per tola on Tuesday,” said Shakya.
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