Gold prices experience a notable decline, with Fine gold trading at Rs. 137,400 per tola, marking a Rs. 700 decrease from the previous closing rate, as per the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).
Similarly, Tejabi gold witnesses a decline, now priced at Rs. 136,750 per tola, reflecting a Rs. 700 drop from its previous day’s closing price.
The peak surge in gold prices occurred on April 19th, 2024, reaching an all-time high of Rs. 139,300 per tola.
In contrast, the price of silver sees an increase of Rs. 25 per tola, with the current price standing at Rs. 1,740 per tola, up from Rs. 1,715 per tola the previous day.
Both local and global markets witness a reduction in precious metal prices, with the global gold rate at $2,344.30 per ounce and silver prices showing an upward trend, currently priced at $28.43 per ounce.