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As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged
to Rs 797.50 last Friday.
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