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Gold Prices Drop in Nepal

The cost of gold in Nepal has witnessed a notable decrease, with Fine gold now trading at Rs. 138,100 per tola, down by Rs. 300 from its previous closing rate of Rs. 138,400 per tola, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA).

Similarly, Tejabi gold has also experienced a decline, standing at Rs. 137,450 per tola, reflecting a Rs. 300 decrease from its previous day’s closing price of Rs. 137,750 per tola.

The peak surge in gold prices occurred on April 19th, 2024, when Fine gold reached an all-time high of Rs. 139,300 per tola.

In addition, the price of silver has also dropped, now at Rs. 1,715 per tola compared to yesterday’s closing rate of Rs. 1,725 per tola, marking a decrease of Rs. 10 per tola.

Both domestic and international markets have observed a decline in prices. Globally, the latest update reveals the gold rate at $2,353.90 per ounce, while silver shows negative momentum internationally, with prices reaching $28.01 per ounce.


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