Gold Prices Dip, Silver Slips: Latest Market Update

The cost of fine gold has witnessed a decline, according to a recent report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is presently trading at Rs. 1,39,300 per tola, reflecting a decrease of Rs. 700 from its previous closing rate of Rs. 140,000 per tola.

Similarly, Tejabi gold now stands at Rs. 1,38,650 per tola, showing a Rs. 650 decline from its previous day’s closing price of Rs. 1,39,300 per tola.

The peak surge in gold prices occurred on May 16, 2024, when fine gold reached an all-time high of Rs. 140,000 per tola.

Additionally, the price of silver has dropped by Rs. 5 per tola, with the current market rate at Rs. 1,800 per tola compared to yesterday’s closing rate of Rs. 1,805 per tola.

Both domestic and international markets have witnessed a decline in prices. The latest update reveals the global gold rate at $2,379.10 per ounce, while silver exhibits negative momentum internationally, with prices reaching $29.58 per ounce.

Stay updated with the latest market trends and price fluctuations in the precious metals market for informed investment decisions.


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