Gold prices in Nepal have reached new heights, with the market continuing its upward trend on September 27, 2024. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of fine gold rose to Rs. 1,61,200 per tola, marking a Rs. 500 increase from Rs. 1,60,700 the previous day. Tejabi gold also saw a rise, climbing to Rs. 1,60,500 per tola, up from Rs. 1,60,000.
This follows a recent spike in prices, as fine gold hit Rs. 1,60,700 on September 26, highlighting the ongoing volatility in the gold market. Silver prices, on the other hand, have remained stable at Rs. 1,955 per tola.
International market factors continue to influence local prices. Currently, gold is trading at $2,670.40 per ounce, while silver holds steady at $31.84 per ounce globally.