The price of gold in Nepal plunged by Rs 11,700 per tola on Sunday to Rs 278,500 per tola — yaani Rs 2.785 lakh per tola, with one tola equal to about 11.66 grams — according to the Federation of Nepal Gold and Silver Dealers' Associations, Kathmandu reports carried on the EIN Nepal newswire said. The fall came as the domestic market reopened after the Dashain holiday, when the dealers' association adjusted local rates.

Source: EIN Nepal Newswire (Federation of Nepal Gold and Silver Dealers' Associations)

Rising Nepal Daily also reported on Sunday that gold and silver prices fell sharply in the domestic market, with gold set at Rs 278,500 per tola in the local market. Silver was priced at Rs 3,955 per tola on Sunday.

Source: Rising Nepal Daily via Hamro Patro

Price trackers recording Sunday's rates put hallmark gold at Rs 278,500 per tola, a fall of Rs 11,700 or about 4.03 per cent from the previous day, and Rs 238,770 per 10 grams. Jewellery prices can differ from the bullion rate because of making charges, wastage and retailer margins.

Source: ArthaKendra price data