Gold Prices Dip, Silver Slips: Latest Market Update


The cost of fine gold has witnessed a decline, according to a recent report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is presently trading at Rs. 1,39,300 per tola, reflecting a decrease of Rs. 700 from its previous closing rate of Rs. 140,000 per tola.

Similarly, Tejabi gold now stands at Rs. 1,38,650 per tola, showing a Rs. 650 decline from its previous day’s closing price of Rs. 1,39,300 per tola.

The peak surge in gold prices occurred on May 16, 2024, when fine gold reached an all-time high of Rs. 140,000 per tola.

Additionally, the price of silver has dropped by Rs. 5 per tola, with the current market rate at Rs. 1,800 per tola compared to yesterday’s closing rate of Rs. 1,805 per tola.

Both domestic and international markets have witnessed a decline in prices. The latest update reveals the global gold rate at $2,379.10 per ounce, while silver exhibits negative momentum internationally, with prices reaching $29.58 per ounce.

Stay updated with the latest market trends and price fluctuations in the precious metals market for informed investment decisions.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Sanima Capital Announces Book Closure Date for Mutual Fund Dividend Distribution
Latest Articles

Sanima Capital Announces Book Closure Date for Mutual Fund Dividend Distribution

Sanima Capital Limited has announced the book closure date for the dividend distribution of its closed-end mutual fund schemes. The book closure date has been set for 26th Bhadra, meaning unit holders who maintain their holdings until 25th Bhadra will be eligible for the dividend payout. In a meeting held on 14th Bhadra, the board […]

Read More
NEPSE Index Drops Sharply by 90.73 Points to Close at 2,739.46
Latest Articles

NEPSE Index Drops Sharply by 90.73 Points to Close at 2,739.46

The Nepal Stock Exchange (NEPSE) Index saw a sharp decline today, plunging by 90.73 points, or 3.20%, to close at 2,739.46 points. This significant drop follows a modest gain of 6.90 points in the previous session, where the index ended at 2,830.16 points. The trading session started with the index at 2,860.07 points, but the […]

Read More
Birgunj Transport Office Collects Over Rs 1.5 Billion in FY 2023/24
Latest Articles

Birgunj Transport Office Collects Over Rs 1.5 Billion in FY 2023/24

The Transport Management Office in Birgunj reported a substantial revenue collection of over Rs 1.5 billion for the Fiscal Year 2023/24. This marks an impressive increase of Rs 171.9 million compared to the Rs 1.35 billion collected in the previous fiscal year, according to Kamal Raj Gautam, Chief of the Transport Management Office, Birgunj. The […]

Read More