Nepal’s gold market has witnessed an unprecedented surge, reaching a new all-time high on April 10, 2024. According to the Federation of Nepal Gold and Silver Traders’ Association, fine gold has experienced a significant increase of Rs. 500, pushing its price to an exceptional rate of Rs. 1,36,800 per tola, up from its previous rate of Rs. 1,36,300. Similarly, Tejabi gold, another highly sought-after variant, has also seen a rise, now valued at Rs. 1,36,150 per tola, marking a consecutive increase of Rs. 500 from its previous rate of Rs. 1,35,650.
Just the day before, on April 9th, 2024, fine gold had surged to an all-time high of Rs. 1,36,300 per tola. Additionally, the price of silver has also surged, setting new records. Presently priced at Rs. 1,700 per tola, silver witnessed an increase of Rs. 15 from the previous day’s rate of Rs. 1,685 per tola.
The domestic market is witnessing an upward trend in prices, while the international market also plays a significant role. According to the latest update, the current gold rate stands at $2,356.40 per ounce. Internationally, silver remains constant, with prices reaching $28.09 per ounce.
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