Gold Prices Surge by Rs. 800: Silver Follows Suit With Rs. 15 Increase

Tue, May 7, 2024 11:14 AM on Latest, Economy, National,

The price of the highly sought-after yellow metal has risen by Rs. 800 per tola today compared to yesterday.

According to the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the current price for fine gold is now Rs. 1,36,400 per tola, up Rs. 800 from yesterday's rate of Rs. 1,35,600 per tola.

Likewise, Tejabi gold now stands at Rs. 1,35,750 per tola, marking an increase of Rs. 800 from the prior day's price of Rs. 1,34,950 per tola.

The highest recorded price was on April 19th, 2024, when fine gold hit an all-time high of Rs. 1,39,300 per tola.

Moreover, the price of silver has also edged up by Rs. 15 per tola, bringing the new price to Rs. 1,675 per tola, up from Rs. 1,660 per tola yesterday.

As domestic markets trend upward, international factors continue to exert significant influence. The latest international gold rate is $2,320.70 per ounce, while silver is currently valued at $27.28 per ounce on the global market.