Fine Gold Prices Drop by Rs. 2,700 per Tola


The fine gold market has recently experienced a significant adjustment, with prices declining by Rs. 2,700 per tola. According to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now valued at Rs. 1,42,000 per tola, down from its previous rate of Rs. 1,44,700 per tola.

Similarly, Tejabi gold prices have also dropped to Rs. 1,41,300 per tola, reflecting a decrease of Rs. 2,700 from its earlier price of Rs. 1,44,000 per tola. This reduction follows a recent peak on June 7, 2024, when fine gold reached an all-time high of Rs. 1,45,000 per tola.

In addition to the gold price drop, silver has decreased by Rs. 50 per tola, with the current market rate standing at Rs. 1,815 per tola, down from Rs. 1,865 per tola.

Both domestic and international markets are observing this downward trend, with global gold prices at $2,320.00 per ounce and silver prices at $29.45 per ounce, indicating negative momentum in the silver market.

Leave a Reply

Your email address will not be published.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

More Interesting Read

Liberty Micro Life Insurance to Launch Public Share Offering
Latest Articles

Liberty Micro Life Insurance to Launch Public Share Offering

Liberty Micro Life Insurance Limited is preparing to offer 2,250,000 ordinary shares to the public at Rs. 100 per share, aiming to collect a total of Rs. 225,000,000. The public share issue is being organized in collaboration with Nepal SBI Merchant Banking Ltd and RBB Mutual Fund 1, creating a major opportunity for investors looking […]

Read More
Global IME Bank Proposes 5.5% Dividend for FY 2080/81
Latest Articles

Global IME Bank Proposes 5.5% Dividend for FY 2080/81

Global IME Bank Limited (GBIME) has proposed a 5.5% dividend for its shareholders for the fiscal year 2080/81. This decision was made during the 446th board meeting held on Ashwin 21. The proposed dividend includes 5.5% bonus shares, which will be distributed based on the bank’s paid-up capital of Rs. 36.12 Arba. The distribution of […]

Read More
Global IME Bank Launches Festival Cashback Offer with NEPALPAY QR
Latest Articles

Global IME Bank Launches Festival Cashback Offer with NEPALPAY QR

Global IME Bank, in collaboration with Nepal Clearing House Limited (NCHL) and KK Mart, has launched an exciting limited-time cashback offer for the upcoming festival season. From October 4 to October 16, 2024 (18th to 30th Ashoj), users of GlobalSmart+ and connectIPS can enjoy a 10% cashback, up to Rs. 100, when they make payments […]

Read More