The price of fine gold in Nepal has witnessed a decline of Rs. 600 per tola after a period of consecutive increases, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Pure gold is currently trading at Rs. 1,38,600 per tola, marking a decrease from its previous closing rate of Rs. 1,39,200 per tola. Similarly, Tejabi gold is valued at Rs. 1,37,950 per tola, reflecting a Rs. 600 decrease from its previous day’s closing price of Rs. 1,38,550 per tola.
The recent surge in gold prices peaked on April 16th, 2024, with fine gold reaching an all-time high of Rs. 1,39,200 per tola, while silver also achieved a record high of Rs. 1,750. However, silver has experienced a slight rise of Rs. 10 per tola, with the current market value at Rs. 1,725 per tola, compared to yesterday’s closing rate of Rs. 1,715 per tola.
Both domestic and international markets have witnessed fluctuations in prices, with the global gold rate recorded at $2,375.80 per ounce. Conversely, silver is experiencing positive momentum on the international front, with prices reaching $28.40 per ounce.
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