Nepali Gold Market Witnesses Significant Rise in Rates, Reflecting Global Trends

Today, the price of the precious yellow metal has soared by Rs. 700 per tola compared to yesterday’s trading figures, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).

The current rate for fine gold stands at Rs. 1,37,500 per tola, marking a notable increase from yesterday’s trading rate of Rs. 1,36,800 per tola. Similarly, Tejabi gold is now priced at Rs. 1,36,850 per tola, indicating a Rs. 700 surge from yesterday’s price of Rs. 1,36,150 per tola.

April 12th, 2024, saw a historic peak for fine gold, hitting an all-time high of Rs. 1,39,000 per tola. Concurrently, silver also reached a record high of Rs. 1,750.

Moreover, silver has experienced an uptick of Rs. 15 per tola, with the current market value at Rs. 1,715 per tola, compared to yesterday’s closing rate of Rs. 1,700 per tola.

While domestic markets witness an upward trajectory in prices, international market dynamics play a significant role. As per the latest updates, the current gold rate stands at $2,355.10 per ounce. Internationally, silver is also demonstrating positive momentum, with prices reaching $28.17 per ounce.


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