A sustained rise in the dollar index above 101 could add to the pressure, as a stronger US currency generally makes dollar-denominated bullion more expensive for overseas buyers.
Bad weather has disrupted roads in several parts of Nepal, forcing the closure of some routes. The Department of Tourism has urged trekkers and climbers to pause their plans and avoid tourism activities until the weather improves.
According to an UBS report, personal loan growth hits a two-year high of 30% for non-banking financial companies (NBFCs) in August as gold price stabilisation threatens to end a rally that took gold loans from 1% to 5% of GDP since FY19.
