During the day on Tuesday, the price of gold fell by Rs 1600 per tola.
According to the Federation of Nepal Gold and Silver DealersR17; Association, the price of gold has dropped to Rs 92,300 per tola as a result of the reduction (FENEGOSIDA). On Monday, fine gold was trading for Rs 93,900 a tola in the Indian market.
Standard gold is priced at Rs 91,800 per gram on Tuesday, according to the National Gold Council. On Monday, it was available for Rs 93,400. A minor decline in the price of silver was also observed today, with a tola of silver currently being bought for Rs 1,255, down from Rs 1,270 on Monday.
The Federation has been setting the price of gold and silver in Nepal in accordance with the transaction price of the worldwide market since its inception. The price of gold per ounce is currently trading at approximately USD 1,808 on the international market.