Gold Loses Rs. 900 Per Tola Today; Silver Follows Suit

According to the official website of the Federation of Nepal Gold and Silver Dealers' Association, the price of fine gold today is Rs. 91,100 per tola. Meanwhile, the price of tejabi gold is Rs. 90,600 per tola. This is Rs. 900 decline per tola from the rate maintained yesterday. Yesterday, fine gold traded at Rs. 92,000 per tola and tejabi gold traded at Rs. 91,500 per tola.

At times overshadowed by the hype on gold, silver is actually a silent yet potentially more profitable investment alternative. Silver is trading today at Rs. 1,300 per tola, Rs. 20 lower from yesterday's rate. Over the last couple of weeks, we've seen some crazy volatility in the international markets for certain stocks. The video and computer game retailer GameStop, the movie theater company AMC, and several more, have all seen wild swings in their share prices. This week, the volatility spread from the stock market and into commodities. Silver saw prices go up in the international market as much as 13 percent.

The price of gold and silver saw an aggressive spike during the pandemic and economic turbulence. Now that the world economy seems to be nursing its wounds, the international market for precious metals is highly fluctuating, and the impacts are also felt at home.