Tag: Prices

  • 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 in Nepal Experience a Dip: Rs. 1,000 Decrease per Tola, Silver Follows Suit with a Rs. 20 Fall

    Gold Prices in Nepal Experience a Dip: Rs. 1,000 Decrease per Tola, Silver Follows Suit with a Rs. 20 Fall


    The current market for fine gold has witnessed a notable decrease, with the price dropping by Rs. 1,000 per tola. According to the latest information from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present trading value for fine gold is Rs. 1,25,000 per tola. This reflects a reduction of Rs. 1,000 from the closing rate reported yesterday, which stood at Rs. 1,26,000 per tola.

    Notably, on March 10, 2024, fine gold had reached an unprecedented peak at Rs. 1,26,000 per tola, marking a historic milestone in the market. However, the recent decrease indicates a shift in the pricing trend.

    Similarly, Tejabi gold is currently priced at Rs. 1,24,400 per tola, showcasing a decrease of Rs. 1,000 compared to the closing price of Rs. 1,25,400 per tola reported yesterday.

    In addition to the changes in gold prices, the price of silver has also experienced a decline. The current market rate for silver is Rs. 1,465 per tola, reflecting a decrease of Rs. 20 compared to yesterday’s closing rate of Rs. 1,485 per tola.

  • Gold Dips Rs. 400/Tola; Silver Falls Rs. 15

    Gold Dips Rs. 400/Tola; Silver Falls Rs. 15


    The price of fine gold in Nepal dropped by Rs. 400 per tola, according to the latest update from FENEGOSIDA. Fine gold is now trading at Rs. 1,18,000 per tola, down from yesterday’s closing rate of Rs. 1,18,400 per tola. Similarly, Tejabi gold also saw a decrease of Rs. 400 per tola, with the current price standing at Rs. 1,17,450 per tola compared to yesterday’s closing price of Rs. 1,17,850 per tola.

     

  • Fine Gold Drops by Rs. 500 per Tola, Silver Down by Rs. 15 per Tola

    Fine Gold Drops by Rs. 500 per Tola, Silver Down by Rs. 15 per Tola


    The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) has reported a recent decrease in the cost of fine gold and silver. According to the latest update, the trading price for fine gold is now Rs. 1,18,000 per tola, marking a reduction of Rs. 500 from the closing rate on Monday, which was Rs. 1,18,500 per tola.

    Similarly, Tejabi gold is currently priced at Rs. 1,17,450 per tola, indicating a decrease of Rs. 500 compared to Monday’s closing price of Rs. 1,17,950 per tola. This decline in prices suggests a notable shift in the precious metal market within a short timeframe.

    Furthermore, the price of silver has also seen a reduction of Rs. 15 per tola, with the current market rate standing at Rs. 1,375 per tola. This contrasts with the closing rate on Monday, which was Rs. 1,390 per tola. The adjustments in both gold and silver prices highlight the dynamic nature of the market, influenced by various factors impacting precious metal valuations.

  • Gold Prices Rise by Rs. 400, Silver Dips Rs. 5 per Tola in Nepal

    Gold Prices Rise by Rs. 400, Silver Dips Rs. 5 per Tola in Nepal


    Gold continues to display its allure with a daily price surge of Rs. 400 per tola, while silver, on the other hand, experiences a marginal decline of Rs. 5 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading value for fine gold stands at Rs. 118,400 per tola, indicating a Rs. 400 increase from the closing price of Rs. 118,000 per tola on Friday.

    Similarly, Tejabi gold is now priced at Rs. 117,850 per tola, reflecting a Rs. 400 increment from the Friday rate of Rs. 117,450 per tola. In contrast to gold’s upward movement, silver observes a slight decrease of Rs. 5 per tola, with the current market rate settling at Rs. 1,390 per tola, as opposed to Friday’s closing rate of Rs. 1,395 per tola.

  • Gold Prices Rebound with a Rs. 500 Increase per Tola After Three-Day Dip

    Gold Prices Rebound with a Rs. 500 Increase per Tola After Three-Day Dip


    Following a three-day downturn, the luster of gold has made a comeback, witnessing a price surge of Rs. 500 per tola today. The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reports that fine gold is now valued at Rs. 118,000 per tola. This marks a Rs. 500 increase from yesterday’s trading price of Rs. 117,500 per tola.

    Similarly, Tejabi gold is currently priced at Rs. 117,450 per tola, reflecting a Rs. 500 rise compared to yesterday’s rate of Rs. 116,950 per tola.

    In addition to the gold price movements, silver has also seen an uptick, rising by Rs. 5 per tola. The current market rate for silver stands at Rs. 1,395 per tola, a notable increase from the previous day’s closing rate of Rs. 1,390 per tola.

  • Gold and Silver Prices Surge in Nepal: Significant Increase of Rs. 600 per Tola

    Gold and Silver Prices Surge in Nepal: Significant Increase of Rs. 600 per Tola


    The cost of the precious yellow metal has risen by Rs. 600 per tola today in comparison to the trading price on Friday. As per the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading value for fine gold is Rs. 1,19,200 per tola, marking a Rs. 600 increase from Friday’s rate of Rs. 1,18,600 per tola.

    Similarly, Tejabi gold is now available at Rs. 118,650 per tola, showing a surge of Rs. 600 from its Friday price of Rs. 1,18,050 per tola.

    In addition to the gold prices, the price of silver has also seen an uptick of Rs. 20 per tola. The present market rate for silver stands at Rs. 1,420 per tola, contrasting with Friday’s closing rate of Rs. 1,400 per tola.

  • Gold Prices Rebound, Surge by Rs. 300 per Tola After Four-Day Dip

    Gold Prices Rebound, Surge by Rs. 300 per Tola After Four-Day Dip


    After a brief four-day decline, gold is making a comeback with prices rising by Rs. 300 per tola today. The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) reports that fine gold is now trading at Rs. 118,600 per tola, marking a Rs. 300 increase from yesterday’s rate of Rs. 118,300 per tola. Similarly, Tejabi gold is available today at Rs. 118,050 per tola, reflecting a Rs. 300 uptick from yesterday’s price of Rs. 117,750 per tola.

     

  • Gold Prices Decline for Fourth Consecutive Day

    Gold Prices Decline for Fourth Consecutive Day


    Gold has experienced a consistent decline in value for the past four consecutive trading days. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for pure gold stands at Rs. 1,18,300 per tola. This marks a reduction of Rs. 200 compared to the previous day’s trading value of Rs. 1,18,500 per tola.

    Similarly, Tejabi gold is currently priced at Rs. 1,17,750 per tola, indicating a decrease of Rs. 200 from the previous day’s rate of Rs. 1,17,950 per tola.

     

  • Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal

    Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal


    The cost of the valuable yellow metal has risen by Rs. 500 per tola today when compared to the trading price on Monday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present rate for fine gold is Rs. 1,21,000 per tola, marking a Rs. 500 increase from Monday’s trading price of Rs. 1,20,500 per tola.

    Similarly, Tejabi gold is available today at Rs. 1,20,400 per tola, indicating a Rs. 500 uptick from Monday’s price of Rs. 1,19,900 per tola.

    In a parallel trend, the price of silver has also undergone an increase today. With a gain of Rs. 5, the current silver price stands at Rs. 1,460 per tola, in contrast to Monday’s silver price of Rs. 1,455 per tola.

  • Rising global oil prices amid world turmoil spark diplomatic discussions among major powers

    Rising global oil prices amid world turmoil spark diplomatic discussions among major powers


    Thursday saw a surge in crude oil prices, driven by global economic uncertainties due to ongoing conflicts. Despite some easing of concerns about Red Sea shipping disruptions, tensions persist in the Middle East, supporting oil prices.

    In the Comex division of IC Exchange in London, Brent crude, the international benchmark, rose 0.1% to $79.75 per barrel. Meanwhile, WTI prices in the New York Mercantile Exchange’s Comex division dipped slightly to $74.06 per barrel.

    Major geopolitical events, such as the Russia-Ukraine and Israel-Hamas conflicts, have intensified oil diplomacy among key economies: the United States, China, Russia, and India. Facing Western sanctions, Russia has shifted fuel exports to China and India, reducing its European market share.

    China has become a pivotal player, with 45-50% of its oil imports now sourced from Russia, surpassing Saudi Arabia as its primary supplier. India, previously a minor buyer, now obtains nearly 40% of its oil from Russia.

    To counter sanctions, Russia has expanded its oil exports, reportedly refining Russian crude in India and selling it to European customers through alternative routes. Moscow aims to explore new markets for natural gas and oil exports, expecting significant revenue despite sanctions.

    While major shipping companies, including Maersk, have resumed Red Sea operations, ongoing Middle East tensions, along with Iran’s involvement, add complexity to the oil supply landscape.

    Russian President Vladimir Putin expressed a strengthening of ties with India during a meeting with Indian Foreign Minister S. Jaishankar. As global uncertainties persist, geopolitical events continue to influence global oil dynamics, underscoring the interconnectedness of economic and diplomatic factors.

  • Gold Prices in Nepal Experience Decline of Rs. 1,300 per Tola, Reflecting Global Market Trends

    Gold Prices in Nepal Experience Decline of Rs. 1,300 per Tola, Reflecting Global Market Trends


    The price of gold faced a decline of Rs. 1,300 per tola today, as reported by the official website of the Federation of Nepal Gold and Silver Dealers’ Association. The present rate for fine gold is recorded at Rs. 1,17,500 per tola, contrasting with the stable rate of Rs. 1,18,800 per tola on Friday. Similarly, Tejabi gold witnessed a decrease to Rs. 1,16,950 per tola today, reflecting a drop of Rs. 1,300 from its Friday rate of Rs. 1,18,250 per tola.

    On December 4, 2023, both fine gold and Tejabi gold had attained record highs of Rs. 1,21,600 and Rs. 1,21,000 per tola, respectively. Additionally, silver observed a decline of Rs. 35 per tola, with the current market rate standing at Rs. 1,425 per tola, compared to the closing rate of Rs. 1,460 per tola on Friday.

    The global downturn in gold prices, now at $2,004.50 per ounce, has notably impacted the domestic bullion market. Simultaneously, the international silver market indicates a trading value of $22.97 per ounce.