Gold Prices Soar in Nepali Market, Reach Rs 118,000 per Tola

In a significant development, gold prices in the Nepali market experienced a notable surge today, witnessing an increase of Rs 500 per tola, according to the Nepal Gold and Silver Dealers’ Association.

The fine gold is now priced at a whopping Rs 118,000 per tola, while standard gold is being traded at Rs 117,450 per tola. This surge comes in contrast to Thursday’s rates, where fine gold stood at Rs 117,500 per tola, and standard gold was valued at Rs 116,950 per tola.

The Nepal Gold and Silver Dealers’ Association, in collaboration with the Federation, regularly adjusts the prices of gold and silver in the domestic market based on the prevailing international market rates. The Federation, acting swiftly, fixed the new rates after considering the fluctuations in the global market.

In addition to the surge in gold prices, the silver market also witnessed a shift, with the price of silver fixed at Rs 1,395 per tola today. This adjustment reflects the dynamic nature of the precious metal market, responding to global economic factors.

Market analysts are closely monitoring these changes and believe that the price adjustments are influenced by the international market trends and the ongoing economic dynamics. Investors and consumers alike are advised to stay informed about these fluctuations in the market for making informed decisions.

As gold and silver continue to play a crucial role in the economic landscape, any significant changes in their prices can have ripple effects on various sectors, including jewelry, investment, and overall market sentiment. The Nepal Gold and Silver Dealers’ Association will continue to monitor the market closely to provide timely updates to the public and stakeholders.