Tag: AllTime

  • Surge in Nepal’s Gold Market: New All-Time High Reached on April 10, 2024

    Surge in Nepal’s Gold Market: New All-Time High Reached on April 10, 2024


    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.

  • Extraordinary Surge: Gold Prices Reach All-Time Highs in Nepal

    Extraordinary Surge: Gold Prices Reach All-Time Highs in Nepal


    Recently, the gold market in Nepal has experienced an unprecedented surge, reaching a new all-time high on April 9, 2024. The Federation of Nepal Gold and Silver Traders’ Association reported a notable increase of Rs. 100, pushing the price of fine gold to an exceptional rate of Rs. 1,36,300 per tola, up from its previous rate of Rs. 1,36,200. Similarly, Tejabi gold, another highly sought-after variant, also witnessed a consecutive increase of Rs. 100, now valued at Rs. 1,35,650 per tola, compared to its previous rate of Rs. 1,35,550.

    Just a day earlier, on April 8th, 2024, fine gold had surged to an all-time high of Rs. 1,36,200 per tola. However, in contrast, the price of silver has remained steady at Rs. 1,685 per tola in the domestic market.

    Despite the domestic market’s upward trend in prices, the international market plays a significant role in influencing these changes. The latest update reveals that the current gold rate stands at $2,344.00 per ounce globally. Meanwhile, silver prices remain constant at $27.81 per ounce internationally.

    These fluctuations in both domestic and international gold and silver markets highlight the dynamic nature of precious metal trading and its susceptibility to various economic factors. Investors and traders must closely monitor these trends to make informed decisions in the precious metals market.

  • Gold Prices Soar to Record Highs in Nepal on March 5, 2024

    Gold Prices Soar to Record Highs in Nepal on March 5, 2024


    The gold market in Nepal saw an extraordinary surge, reaching an unprecedented all-time high on March 5, 2024. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold recorded a remarkable single-day increase of Rs. 2,000, soaring to an extraordinary rate of Rs. 1,23,000 per tola. This surge surpassed the previous record set on December 28, 2023, when fine gold had reached Rs. 1,22,000 per tola.

    Tejabi gold, another highly coveted variety, also witnessed a noteworthy rise, currently valued at Rs. 1,22,400 per tola, up from its previous rate of Rs. 1,20,400.

    In a parallel trend, the price of silver also experienced an increase on the same day, with a gain of 35 rupees, bringing the current silver price to Rs. 1,445 per tola. In comparison, the silver price on the previous Monday was recorded at Rs. 1,410 per tola.

    While the domestic market witnessed an upswing in prices, it’s noteworthy that the international market also plays a significant role. As of the latest update, the current gold rate stands at $2,114.80 per ounce. Internationally, silver is also experiencing positive momentum, with prices reaching $23.67 per ounce.

  • Nepal’s gold market experiences unprecedented highs in a remarkable surge.

    Nepal’s gold market experiences unprecedented highs in a remarkable surge.


    The Nepalese gold market witnessed an extraordinary surge, reaching an all-time high on December 28, 2023. The Federation of Nepal Gold and Silver Dealers’ Association reported a remarkable single-day increase of Rs. 1,300, propelling fine gold to an unprecedented rate of Rs. 1,22,000 per tola.

    Previously, on December 4, 2023, fine gold had reached a historic peak of Rs. 1,21,600 per tola, establishing a record at that time. Tejabi gold, another highly coveted variety, also experienced a significant uptick, currently valued at Rs. 1,21,400 per tola, up from its previous rate of Rs. 1,20,100.

    In line with this trend, silver prices have also risen, reaching 1,490 rupees per tola with a gain of 15 rupees. In comparison, Wednesday recorded a silver price of Rs. 1,475 per tola.

    While the domestic market witnesses a surge in prices, the international market remains a crucial factor. As of the latest update, the current rate of gold is $2,086.13 per ounce. Internationally, silver also demonstrates positive momentum, with prices reaching $24.44 per ounce.

  • US Dollar Reaches Record High Against Nepali Rupee, Impacting Imports and State Loans

    US Dollar Reaches Record High Against Nepali Rupee, Impacting Imports and State Loans


    The US dollar has recently attained its highest value against the Nepali rupee, reaching a new record of Rs. 133.68 last Wednesday and continuing to rise. The latest statistics from Nepal Rastra Bank on this Sunday indicate a slight increase, with the current rate standing at Rs. 133.70, marking a 2-paisa uptick from the previous record. In practical terms, this means that 1 US dollar now requires 133 rupees and 70 paisa for exchange.

    The depreciation of the Indian rupee in comparison to the US dollar has played a role in the weakening of the Nepali rupee. Given that Nepal maintains a fixed exchange rate with India, any fluctuations in the Indian currency have a direct impact on the Nepalese rupee.

    The surge in the dollar’s value carries consequences, particularly making imports more expensive. As transactions for imports are conducted in dollars, a stronger dollar translates to higher expenditure. Furthermore, the appreciation of the dollar is expected to increase the burden of state loans from foreign donor agencies.

    While a robust dollar may have advantages for sectors such as tourism, exporters, and remittance recipients, experts argue that the disadvantages are more significant due to the substantial share of imports in the Nepali economy.

  • Gold Prices in Nepalese Market Reach All-Time High, Silver Takes a Dip

    Gold Prices in Nepalese Market Reach All-Time High, Silver Takes a Dip


    The local gold market has recently reached an all-time high, experiencing a substantial surge of Rs. 500 per tola. Official data from the Federation of Nepal Gold and Silver Dealers’ Association reveals that fine gold is now being traded at an unprecedented rate of Rs. 113,700 per tola. This marks a significant increase from the previous day when the same amount of fine gold was priced at Rs. 113,200 per tola. Tejabi gold, another variety, has also seen a notable rise in its price and is currently trading at Rs. 113,150 per tola, up from the previous rate of Rs. 112,650 per tola.

    This surge in gold prices in the Nepalese market brings to mind the last time such record-breaking prices were witnessed, which was on July 20. On that day, fine gold was valued at Rs. 113,600 per tola, and Tejabi gold was priced at Rs. 113,050 per tola.

    In contrast, the silver market has experienced a slight decrease, with the price of silver declining by Rs. 15 per tola. Currently, silver is trading at Rs. 1,395 per tola, compared to the previous day’s closing rate of Rs. 1,410 per tola.

    It’s worth noting that these notable price fluctuations in the local market align with global trends. Currently, the global price for gold stands at USD $1,946.80 per ounce, while silver is being traded at $22.90 per ounce. These changes reflect both local and international dynamics in the precious metals market.

  • “Gold Prices Spike by Rs. 800 Per Tola, Silver Rate Unmentioned”

    “Gold Prices Spike by Rs. 800 Per Tola, Silver Rate Unmentioned”


     

    Gold prices in the Nepalese market are soaring, reaching near an all-time high. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now being traded at Rs. 113,500 per tola, experiencing an astonishing rise of Rs. 800 in just one day from yesterday’s rate. This surge follows a significant increase of Rs. 500 per tola on Wednesday.

     

  • Gold Sets New All-Time High, Surging by Rs. 800 from Previous Day’s Price

    Gold Sets New All-Time High, Surging by Rs. 800 from Previous Day’s Price


    Gold has once again broken its all-time high record by increasing Rs. 800 from yesterday’s price. As reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association, the current trading rate for fine gold stands at Rs. 113,300 per tola, compared to yesterday’s rate of Rs. 112,500 per tola. Similarly, Tejabi gold is being traded at Rs. 112,750 today, while yesterday’s rate was maintained at Rs. 111,950 per tola.

    Yesterday, the price of gold reached an unprecedented high, with tejabi gold priced at Rs. 111,950 per tola and fine gold at Rs. 112,500 per tola. Alongside this, silver has also witnessed an increase of Rs. 25 per tola. Currently, silver is being traded in the local market at Rs. 1,435 per tola, compared to yesterday’s closing rate of Rs. 1,410 per tola.

  • Gold Surges to New All-Time High in Nepalese Market, Gaining Rs. 500 per Tola

    Gold Surges to New All-Time High in Nepalese Market, Gaining Rs. 500 per Tola


    The price of gold in the local market has reached a new all-time high, increasing by Rs. 500 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 112,500 per tola, while Tejabi gold is being traded at Rs. 111,950 per tola. Yesterday, the rates were maintained at Rs. 112,000 and Rs. 111,450 per tola, respectively.

    Just the day before, gold prices had already reached an all-time high in Nepal, with fine gold priced at Rs. 112,000 per tola and Tejabi gold priced at Rs. 111,450 per tola. The continuous rise in gold prices has prompted discussions on the reasons behind the significant increase of Rs. 3,900 per tola in just two days in Nepal.

    In addition to gold, the price of silver has also experienced an increase of Rs. 15 per tola. Currently, silver is being traded at Rs. 1,410 per tola in the local market, compared to the previous day’s closing rate of Rs. 1,395 per tola.

  • Gold Prices Reach All-Time High with Rs. 1500 Single-Day Gain

    Gold Prices Reach All-Time High with Rs. 1500 Single-Day Gain


    Gold prices have once again grabbed attention as they reached a record high today. The surge in value amounts to a significant single-day gain of Rs. 1500 compared to yesterday’s price.

    According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 112,000 per tola, whereas it was maintained at Rs. 110,500 per tola yesterday. Similarly, Tejabi gold is being traded at Rs. 111,450 today, whereas the rate was held at Rs. 109,950 per tola on the previous day.

    Within a span of two days, the price of gold has risen by Rs. 3900 per tola. The fluctuation in gold and silver prices is partly attributed to the absence of a clear response regarding customs rates related to these precious metals in the budget for 2080/081.

    Just recently, on May 4th, 2023, the price of gold hit an all-time high in the Nepalese market. Fine gold was traded at Rs. 111,800 per tola, while Tejabi gold reached Rs. 111,250 per tola on that day.

    In addition, silver has also experienced a gain of Rs. 20 per tola. The shiny white metal is currently being traded at Rs. 1,395 per tola in the local market, compared to the previous day’s closing rate of Rs. 1,375 per tola.

  • Gold Price Breaks All-Time High Record Again, Silver Also Up

    Gold Price Breaks All-Time High Record Again, Silver Also Up


    The price of gold in Nepal has broken an all-time high record once again, gaining Rs. 1200 in a single day. As per the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 111,800 per tola, while Tejabi gold is being traded at Rs. 111,250. This is a significant increase from yesterday’s rate of Rs. 110,600 and Rs. 110,050 per tola for fine gold and Tejabi gold, respectively.

    This recent surge in the price of gold follows the previous all-time high recorded on April 5th, 2023, when fine gold was traded at Rs. 111,000 per tola and Tejabi gold at Rs. 110,450 per tola. Silver has also seen a rise in its price, with a gain of Rs. 20 per tola. The white metal is currently being traded at Rs. 1,445 per tola in the local market, up from yesterday’s closing rate of Rs. 1,425 per tola.

    In the international market, gold was traded at around $2,015.60 per ounce as of yesterday. However, the current rate of gold in the international market has reached USD $2,044.50 per ounce, while silver is being traded at $25.69 per ounce. It is worth noting that gold had reached an all-time high of $2074.88 in August 2020.

  • Gold Prices Reach Near All-Time High in Nepalese Market

    Gold Prices Reach Near All-Time High in Nepalese Market


    Gold prices are on the rise in the Nepalese market once again. Today, fine gold gained Rs. 1800 per tola while tejabi gold rose by Rs. 1750 per tola from yesterday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is being traded today at Rs. 110,600 per tola, while tejabi gold is being traded at Rs. 110,050 per tola.

    This increase in gold prices comes after the precious metal reached an all-time high in the Nepalese market on 5th April 2023, with fine gold trading at Rs. 111,000 per tola and tejabi gold trading at Rs. 110,450 per tola. Currently, the international price of gold is at USD $2,015.60 per ounce, with silver being traded at $25.24 per ounce.

    On the other hand, silver prices have also risen in the Nepalese market, gaining Rs. 20 per tola. The white metal is being traded today at Rs. 1,425 per tola compared to yesterday’s closing rate of Rs. 1,405 per tola.

    The increase in gold prices can be attributed to various global factors such as inflation fears, economic uncertainties, and geopolitical tensions. In August 2020, gold reached an all-time high of $2074.88 per ounce in the international market, further highlighting its significance as a safe-haven asset. Despite the fluctuation in gold prices, it remains an attractive investment option for many people, especially during times of economic volatility.