Gold Price Hits Rs. 317,000 per Tola After Sharp Rs. 3,800 Increase

Gold prices in the domestic market witnessed strong rise today, as election result comes out and ongoing conflict in middle east impacted the gold market to react sharply. 

According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the price of fine gold increased by Rs. 3,800 per tola, reaching Rs. 317,000 per tola, up from Rs. 313,200 per tola recorded yesterday. The precious metal had declined by Rs. 3,700 in the previous day. 

Similarly, Tejabi gold also recorded a notable gain of Rs. 3,800 per tola, gaining to Rs. 316,300 per tola, compared to Rs. 312,500 per tola a day earlier.

Furthermore, the silver market moved in the same direction. Silver prices increase by Rs. 310 per tola, settling at Rs. 5,720 per tola, up from Rs. 5,410 per tola yesterday.