Nepal’s gold market has witnessed an unprecedented surge, reaching historic highs on May 16, 2024, according to the Federation of Nepal Gold and Silver Traders’ Association.
Fine gold prices have soared by Rs. 1,600, hitting an extraordinary Rs. 1,40,000 per tola, marking a significant increase from its previous price of Rs. 1,38,400. Similarly, Tejabi gold prices have risen to Rs. 1,39,300 per tola, up by Rs. 1,550 compared to the previous day’s rate.
The previous peak price was recorded on April 19th, 2024, when fine gold reached an all-time high of Rs. 1,39,300 per tola. Additionally, the cost of silver has also witnessed an uptick of Rs. 60 per tola, setting the new price at Rs. 1,805 per tola, an increase from yesterday’s rate.
While domestic markets continue their upward trajectory, international factors play a significant role. Presently, the latest international gold rate stands at $2,391.10 per ounce, with silver priced at $29.53 per ounce in the global market.
Stay informed about these record-breaking prices and market trends to make informed decisions in gold and silver trading and investment.
