In a recent development, the price of fine gold has experienced a notable decline, dropping by Rs. 1,100 per tola.
As per the latest report released by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for pure gold stands at Rs. 1,35,400 per tola. This marks a significant decrease from yesterday’s closing rate of Rs. 1,36,500 per tola.
Similarly, Tejabi gold is now priced at Rs. 1,34,750 per tola, reflecting a Rs. 1,100 decrease compared to its closing price of Rs. 1,35,850 per tola yesterday.
The recent surge in gold prices peaked on April 19th, 2024, when fine gold reached an all-time high of Rs. 1,39,300 per tola.
In contrast, the price of silver remains unchanged at Rs. 1,645 per tola.
This fluctuation in gold prices reflects the dynamic nature of the precious metal market, influenced by various factors such as global economic conditions, investor sentiment, and geopolitical tensions.