“Price drop in the domestic market is in line with the price movement in international bullion market,” Mani Ratna Shakya, president of Federation of Nepal Gold and Silver Dealers´ Associations, told Republica. [break]
According to Reuters, gold tumbled in the international market after positive US jobs data sent the dollar rallying and rekindled worries the Federal Reserve could be tempted to scale back its monetary stimulus later this year.
Gold price had been steadily increasing in the domestic market after it plunged to a 23-month low of Rs 48,100 per tola on June 28.
Price of silver, which had remained stable at Rs 815 per tola since June 30, also went down by Rs 15 per tola on Sunday.
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