The price of gold declined sharply by Rs 12,500 per tola on Sunday. According to the Nepal Gold and Silver Dealers’ Federation, gold is being traded at Rs 282,000 per tola today, down from Rs 294,500 per tola the previous day. Over the past week, gold prices have fallen by Rs 27,400 per tola. Last Sunday, gold was traded at Rs 309,400 per tola. Analysts attribute the recent decline in gold prices to fluctuations in the international market. As global oil prices rise, countries require more US dollars for imports, increasing demand for the dollar. A stronger dollar typically puts downward pressure on gold prices.
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