Gold Price Falls by NPR 4,000 in One Day as Dollar Strengthens Amid Donald Trump's Victory

According to the Nepal Gold and Silver Dealers' Association, the price of hallmark gold dropped significantly by NPR 4,000 per tola on Thursday, settling at NPR 164,500. On Wednesday, the price had stood at NPR 168,500 per tola.

• Gold Price Drop: The price of gold fell by NPR 4,000, reaching NPR 164,500 per tola.

• Silver Price Change: The price of silver also decreased by NPR 55, now standing at NPR 1,960 per tola.

• Impact of U.S. Presidential Election: The decline in gold prices followed Donald Trump’s election as the 47th President of the United States, which has strengthened the dollar and boosted the stock market.

• Bitcoin Reaches New Record: Trump's victory also set a new record for Bitcoin prices.

• Analysts' Viewpoint: Experts suggest that Trump's presidency could potentially increase inflation in the future.

• Effect on the Nepali Market: Fluctuations in the international market have had a direct impact on the prices of gold and silver in Nepal.