PressAdda
Kathmandu — The international gold market has witnessed a sharp decline, with prices falling by nearly 7% over the past two days, according to global reports.
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On Monday, gold reached $4,267 per ounce, rising to $4,366 when the market opened on Tuesday. However, by the end of the day, prices plunged to $5,125 per ounce—a 5.29% drop.
As of Wednesday, gold was trading at around $4,064 per ounce, down 1.52% from the previous session.
In Nepal, due to public holidays during the Tihar festival, new domestic rates have not yet been set. However, based on global trends, gold prices in Nepal are expected to fall by over NPR 15,000 per tola.
Analysts attribute the drop to signs of political stability in international affairs. Recently, Ukrainian President Volodymyr Zelensky held talks with U.S. President Donald Trump over additional arms support. Trump, however, emphasized the need to end the war, which signaled short-term stability and led to a temporary fall in gold prices.
