KATHMANDU, Nov 6: Gold and silver prices fell sharply in the domestic market on Friday, coinciding with Dhanteras, a festival considered auspicious for purchasing precious metals.
According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), gold is being traded at Rs 283,000 per tola on Friday, down Rs 5,900 from Thursday's price of Rs 288,900 per tola.
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Silver prices also witnessed a significant decline. Silver, which was traded at Rs 3,920 per tola on Thursday, fell by Rs 110 to Rs 3,810 per tola on Friday.
The sharp decline comes on Dhanteras, when many people traditionally buy gold and silver as a symbol of prosperity and good fortune.
