Kathmandu, Oct. 27 -- Gold and silver prices dropped sharply in the domestic market on Sunday, following a significant fall in bullion prices in the international market.

According to Reuters, the international price of gold declined by over six percent last week, falling to US $4,118.29 per ounce on Friday from a record $4,381.21 on Monday. The drop has been attributed to easing US-China trade tensions and expectations that the US Federal Reserve may cut interest rates amid lower-than-expected inflation, which weakened safe-haven demand.

Published by HT Digital Content Services with permission from Republica....