The price of fine gold in Nepal has dropped by Rs. 1,200 per tola, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is now trading at Rs. 1,40,600 per tola, down from its previous closing rate of Rs. 1,41,800 per tola.
Tejabi gold has also seen a reduction, now priced at Rs. 1,39,900 per tola, reflecting a Rs. 1,200 decrease from its previous rate of Rs. 1,41,100 per tola.
The highest recorded price for fine gold was on May 20, 2024, when it reached Rs. 1,41,800 per tola.
Additionally, the price of silver has fallen by Rs. 55 per tola, currently standing at Rs. 1,885 per tola, down from Rs. 1,940 per tola the previous day.
Both domestic and international markets have shown a decline in prices. The latest global update indicates gold at $2,414.40 per ounce, while silver is trading at $31.50 per ounce, demonstrating a downward trend.