Breaking Records: Nepal's Gold Market Hits All-Time High

Fri, Apr 19, 2024 11:00 AM on Latest, Economy, National,

Nepal's gold market has seen a surge, hitting an all-time high on April 19, 2024.

According to the Federation of Nepal Gold and Silver Traders' Association, fine gold has soared by Rs. 700, reaching an extraordinary Rs. 1,39,300 per tola, up from its previous Rs. 1,38,600.

Similarly, Tejabi gold has also experienced a substantial increase, now priced at Rs. 1,38,650 per tola, marking a consecutive rise of Rs. 700.

The peak of this surge was observed on April 16th, 2024, with fine gold touching Rs. 1,39,200 per tola and silver reaching a record high of Rs. 1,750.

Conversely, silver has declined by Rs. 5 per tola, currently valued at Rs. 1,720 per tola compared to the previous day's closing rate.

While domestic prices continue to rise, international market dynamics play a significant role. The latest update indicates gold at $2,381.10 per ounce and silver experiencing negative momentum at $28.13 per ounce.