Gold Loses Rs. 3,200 Per Tola in Two Days; Trading Today at Rs. 118,400 Per Tola

The price of gold had lost Rs. 800 per tola today.

According to the official website of the Federation of Nepal Gold and Silver Dealers' Association, the current price of fine gold stands at Rs. 1,18,400 per tola. Yesterday, it was holding steady at Rs. 1,19,200 per tola. Meanwhile, Tejabi gold is being traded today at Rs. 1,17,850 experiencing a decrease of Rs. 800 per tola. Yesterday, it maintained the price of Rs. 1,18,650 per tola.

On December 4, 2023, fine gold had reached a historic high of Rs. 1,21,600 per tola, and Tejabi gold had surged to Rs. 1,21,000, setting a record at that time.

Additionally, silver has experienced a decrease of Rs. 20 per tola, with the current market rate at Rs. 1,480 per tola, compared to yesterday's closing rate of Rs. 1,500 per tola.

The global slump in gold prices, now at $2,020.50 per ounce, has significantly affected the domestic bullion market. At the same time, silver is being traded at $24.20 per ounce on the international market.