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.