The gold market in Nepal witnessed yet another remarkable surge, surpassing the record set just the day before, reaching an unparalleled peak on March 6, 2024. The Federation of Nepal Gold and Silver Dealers’ Association reported an extraordinary single-day increase of Rs. 500, driving the price of fine gold to an unprecedented rate of Rs. 1,23,500 per tola. This surge comes on the heels of the historical milestone achieved on March 5, 2024, when fine gold reached Rs. 1,23,000 per tola.
Tejabi gold, another highly coveted variety, also experienced a notable rise, currently priced at Rs. 1,22,900 per tola, marking an increase from its previous rate of Rs. 1,22,400. However, silver prices saw a slight decline of Rs. 5 per tola, with the current market rate standing at Rs. 1,440 per tola, in contrast to the previous day’s closing rate of Rs. 1,445 per tola.
As the domestic market witnesses a substantial increase in prices, the international market continues to play a significant role. As of the latest update, the current gold rate stands at $2,125.90 per ounce. Meanwhile, silver is also experiencing positive momentum globally, with prices reaching $23.59 per ounce.