Gold Price dropped by Rs 403 per tola

Kathmandu, May 20 – The price of gold has dropped by Rs 403 to reach Rs. 48,697 per tola in the Nepali market on Monday.

According to the Nepal Gold and Silver Dealers´ Association, the price of the precious yellow metal was traded at Rs. 49,100 per tola on Sunday.

Likewise, the price of silver has also dropped by Rs.21 per tola making it Rs. 829 today.

As an impact of the sharp fall of Rs 6,300 in two days, the gold price had declined to Rs 49,500 per tola on April 16. Last Sunday, the yellow metal was traded at Rs 51,900 per tola .