In the past four days, the prices of gold and silver in the Nepali market have seen a notable decline. During this period, the price of gold has fallen by Rs 11,000 per tola, while silver has decreased by Rs 420 per tola.
According to the Nepal Gold and Silver Traders’ Association, gold, which was trading at Rs 270,600 per tola on Sunday, has dropped to Rs 259,600 per tola today, Thursday. Today alone, the price of gold fell by Rs 1,400 per tola, while on Wednesday it was Rs 261,000 per tola.
Similarly, the price of silver, which was Rs 4,835 per tola on Sunday, has fallen to Rs 4,415 per tola today.
Experts say this decline in gold and silver prices is being seen as a market correction. According to them, investors have been selling their holdings to book profits, leading to the recent drop in prices.
Dharma Sundar Bajracharya, First Vice President of the Nepal Gold and Silver Traders’ Association, explained that the correction occurred as investors sold gold purchased at higher prices to secure their profits. He said, “The market correction is happening because investors are booking profits. Customers who bought gold around Rs 240,000–250,000 per tola have started selling to secure profits, which, in my view, has led to the price decline.”
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