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Gold and Silver Prices Decline in Nepalese Market

The domestic precious metals market in Nepal witnessed a downward trend on Wednesday, Asar 17, as both gold and silver prices registered losses. According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold dropped by Rs 600 per tola, while silver prices decreased by Rs 15 per tola, continuing a recent streak of price declines.

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Gold and Silver Prices Decline in Nepalese Market

The domestic prices of both gold and silver recorded drops in the Nepalese market on Wednesday, Asar 17. Data released by the Federation of Nepal Gold and Silver Dealers' Association reveals that the price of gold was slashed by Rs 600 per tola, settling at Rs 277,300 per tola. This marks a steady contraction from Tuesday's trading price, which stood at Rs 277,900 per tola. In tandem with the gold market decline, silver prices also fell by Rs 15 per tola. The white metal is currently trading at Rs 4,270 per tola, down from the Rs 4,285 per tola valuation recorded during the previous trading session on Tuesday.

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