Hi @Anchal Singh,
Welcome to Microsoft Q&A Platform. Thank you for reaching out & hope you are doing well.
In the Nat Gateway, we can assign either a public IP address or IP prefixes, but not a private IP.
Refer this doc:
https://learn.microsoft.com/en-us/azure/nat-gateway/nat-overview#simple-setup
If above is unclear and/or you are unsure about something add a comment below.
Please don’t forget to close the thread by clicking "Accept the answer" wherever the information provided helps you, as this can be beneficial to other community members.