Gold Price Rises Constantly Reaching Rs. 97,300, Gains Around Rs. 2,800 Per Tola Over a Week; What's the Rate of Silver?

The price of gold has gained Rs. 600 per tola today.

According to the official website of the Federation of Nepal Gold and Silver Dealers' Association, fine gold is being traded today at Rs. 97,300 per tola. The rate was maintained at Rs. 96,700 per tola on Friday. Meanwhile, Tejabi gold is being traded at Rs. 96,800 today. In contrast, the rate was maintained on day before yesterday at Rs. 96,200 per tola.

The price of gold increased sharply on last Friday by Rs. 1300 per tola in the local market due to a increase in its price in the international market. The gold price has risen by 2,800 per tola over a week. The gold was traded at Rs. 94,500 per tola on November 06, 2022 (last Sunday).

On the sideline, silver has also gained Rs. 5 per tola. The lustrous white metal is being traded in the local market today at Rs. 1,300 per tola, compared to last Friday's closing rate of Rs. 1,295 per tola. Over the past week, the price of silver has also increased by Rs. 75 per tola.

Fluctuations in the international market price have an impact on the domestic bullion market as well. Gold price in the international market has gone up by USD $88.6 per ounce in a week reaching US$ 1,771.30 today. The gold price was USD $1,682.70 per ounce a week ago. The price of gold was USD $1,753.30 per ounce in the international market on Friday.