In today’s market update, gold prices have surged by Rs. 500 per tola compared to Friday’s rates, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). The current value of fine gold stands at Rs. 1,38,400 per tola, reflecting a notable increase from Friday’s price of Rs. 1,37,900 per tola. Similarly, Tejabi gold is now priced at Rs. 1,37,750 per tola, marking a Rs. 500 hike from the previous rate of Rs. 1,37,250 per tola.
The peak price of fine gold was observed on April 19th, 2024, reaching a record high of Rs. 1,39,300 per tola. Conversely, the price of silver has experienced a slight decline of Rs. 10 per tola, with the current market rate at Rs. 1,725 per tola, down from Friday’s figure of Rs. 1,735 per tola.
While domestic market prices continue to climb, global dynamics play a significant role. International figures indicate gold trading at $2,359.70 per ounce, while the global silver price has decreased to $28.13 per ounce.