Gold Price Surges by NPR 500 per Tola

the price of gold in Nepal has witnessed a substantial increase of NPR 500 per tola compared to the previous trading day, according to the Nepal Gold and Silver Dealers’ Association.

As of today, fine gold is being traded at NPR 116,000 per tola, while standard gold is quoted at NPR 115,450 per tola. This notable surge in gold prices is attributed to the evolving dynamics of the global market and reflects a growing demand for the precious metal in Nepal.

Just a week ago, on October 20, the price of gold was considerably lower, with fine gold trading at NPR 115,500 per tola and standard gold at NPR 114,950 per tola. This sudden spike highlights the volatility of the precious metal market.

In addition to the gold price surge, the Nepal Gold and Silver Dealers’ Association also reported that the price of silver has been fixed at NPR 1,400 per tola today. This rate reflects the ongoing fluctuations in the market.

The Federation of Nepal Gold and Silver Dealers’ Association regularly updates and fixes the prices of gold and silver in the domestic market on a daily basis, keeping a close watch on international market trends and fluctuations.

The recent surge in gold prices may have significant implications for both investors and consumers, with the precious metal holding a special place in the hearts and wallets of many in Nepal. As the global economic landscape continues to evolve, experts are closely monitoring the gold market for further developments and changes.