Gold price hits year low

kathmandu, May 19 –  With the start of a new week, gold price has dropped by Rs 651 per tola (11.664 gram) on Sunday making it a year-low on the price.

According to the Nepal Gold and Silver Dealers' Association (NEGOSIDA), gold is being traded at Rs 49,099 after the fall in price.

On Friday, the precious yellow metal was traded at Rs 49,750.

Last week on Sunday, the gold was being traded at 51,900, and it kept on descending over the week.

This April the gold price took a nose dive of Rs. 6,300 per tola in a span of two days—April15 dropped by Rs. 3,300, and April 16 followed by a plunge of Rs. 3,000). Since then, the price has been on the decline.