Gold Prices Soar by Rs 800 in Nepali Market

In a surprising turn of events, the price of gold in the Nepali market witnessed a substantial increase of Rs 800 today, according to the Nepal Gold and Silver Dealers’ Association. The surge has left both investors and consumers alike closely monitoring the volatile precious metal market.

As per the latest data, the price of fine gold has been fixed at Rs 119,800 per tola, while standard gold is now traded at Rs 119,250 per tola. This significant uptick in prices represents a notable jump from Thursday’s rates, where fine gold stood at Rs 119,000 per tola, and standard gold at Rs 118,450 per tola.

The Nepal Gold and Silver Dealers’ Association, responsible for regulating and determining gold and silver prices in the domestic market, disclosed that this surge is in direct correlation with the fluctuating rates in the international market. The Federation, in its daily price-fixing routine, adjusts the prices based on the prevailing conditions in the global market.

In addition to gold, the price of silver has also experienced an increase, with today’s fixed rate at Rs 1,485 per tola. Investors and traders are advised to stay abreast of these market dynamics as they continue to influence the overall economic landscape.