Today witnessed a significant surge in the price of gold, a highly sought-after commodity in the market. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current rate of fine gold stands at Rs. 1,37,900 per tola, marking a substantial increase of Rs. 2,300 compared to yesterday’s price of Rs. 1,35,600 per tola.
Similarly, Tejabi gold also experienced a rise, reaching Rs. 1,37,250 per tola, up by Rs. 2,300 from the previous day’s rate of Rs. 1,34,950 per tola.
The peak in gold prices was noted on April 19th, 2024, when fine gold hit an unprecedented high of Rs. 1,39,300 per tola.
Furthermore, the cost of silver has also seen an upward trend, increasing by Rs. 50 per tola. The new price for silver is Rs. 1,735 per tola, up from Rs. 1,685 per tola reported yesterday.
As the domestic market continues its upward trajectory, it’s essential to consider international factors. Currently, the international gold rate stands at $2,353.10 per ounce, while silver is priced at $28.38 per ounce in the global market.