Kathmandu: Nepal’s gold market saw a slight pullback on Thursday, with the price of fine gold dropping Rs 800 per tola to settle at Rs 253,300, according to the latest update from the Federation of Nepal Gold and Silver Dealers.
This marks a reversal from Wednesday’s close of Rs 254,100 per tola, reflecting broader fluctuations in global precious metals trading amid ongoing economic uncertainties.
Silver prices also edged lower, falling Rs 30 per tola to Rs 3,625, down from Rs 3,655 the previous day. The federation’s daily pricing reflects trading in Kathmandu’s bustling jewellery hubs, where gold remains a favoured investment and cultural staple for weddings and festivals.
Investors are watching closely as international gold benchmarks hover around US$ 2,650 per ounce, influenced by US Federal Reserve signals and geopolitical tensions. For Nepali buyers, the dip offers a brief window for purchases before potential year-end rallies.
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