Gold Prices Surge in Nepali Market by Rs 1,000 Per Tola

The price of gold in the Nepali market witnessed a sharp increase today, with the precious metal surging by Rs 1,000 per tola. This surge was reported by the Nepal Gold and Silver Dealers’ Association, which is responsible for determining the daily prices of gold and silver in the domestic market.

As of today, the price of fine gold has been fixed at Rs 119,000 per tola, while standard gold is trading at Rs 118,450 per tola. This marks a substantial rise from the previous day’s rates, as fine gold was valued at Rs 118,000 per tola, and standard gold at Rs 117,450 per tola on Tuesday.

The Federation, in consultation with the Nepal Gold and Silver Dealers’ Association, reviews and sets the prices of gold and silver on a daily basis. These determinations are closely tied to the fluctuations in the international market rates for these precious metals.

Simultaneously, the price of silver also experienced an adjustment and is now fixed at Rs 1,465 per tola. This change reflects the Federation’s commitment to maintaining transparent and dynamic pricing in accordance with the global trends.

Market analysts suggest that the surge in gold prices can be attributed to various factors, including international economic conditions, geopolitical tensions, and the overall demand for safe-haven assets. Investors and consumers in Nepal are advised to stay informed about market developments as gold prices continue to display volatility.