The price of gold experienced a notable surge in the Nepali market today, marking an increase of Rs 300 per tola. The Nepal Gold and Silver Dealers’ Association, responsible for monitoring and regulating the precious metal prices, announced that the new rates are now set at Rs 118,600 per tola for fine gold and Rs 108,050 per tola for standard gold.
Comparing the latest rates with Thursday’s figures, the precious yellow metal’s value has witnessed a substantial rise. On Thursday, fine gold was priced at Rs. 118,300 per tola, while standard gold was traded at Rs. 117,750 per tola.
Furthermore, the Federation, in line with its daily pricing strategy, has also adjusted the rate for silver, fixing it at Rs 1,400 per tola today.
The Nepal Gold and Silver Dealers’ Association follows a daily pricing mechanism, aligning domestic rates with the fluctuations observed in the international market. This ensures that consumers and traders are kept informed about the current market conditions, allowing for transparency and stability in the precious metal market. The recent increase in gold prices reflects the dynamic nature of the global market, influencing the local economy. Investors and consumers alike are advised to stay updated on these changes as they can impact various sectors and financial decisions.
12th Jan 2024
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