Gold Shatters Records, Surges to Unprecedented Rs. 119,300 Per Tola in Nepalese Market
The price of gold in the Nepalese market has soared to unparalleled heights, reaching an all-time high on November 29, 2023. The Federation of Nepal Gold and Silver Dealers' Association has reported a remarkable single-day gain of Rs. 1600, propelling fine gold to an extraordinary rate of Rs. 119,300 per tola.
Just a day ago, on November 28, 2023, the price of fine gold stood at Rs. 1,17,700 per tola, marking the highest ever recorded at that time. Tejabi gold, another coveted variant, has also witnessed a substantial increase, currently trading at Rs. 118,750 per tola, up from its previous rate of Rs. 1,17,150.
The surge in gold prices was initiated on November 27, 2023, when both fine gold and tejabi gold hit unprecedented highs at Rs. 1,17,700 and Rs. 1,17,150 per tola, respectively.
In contrast to the gold rally, the price of silver has seen a notable uptick, gaining Rs. 20 to trade at Rs. 1,520 per tola.
The global surge in gold prices, currently standing at USD $2,045.60 per ounce, has sent ripples through the domestic bullion market. Concurrently, the price of silver on the worldwide stage is being exchanged at $24.98 per ounce.
