The price of fine gold in Nepal has seen a notable decline, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Pure gold, known as fine gold, is currently trading at Rs. 1,38,200 per tola, marking a decrease of Rs. 1,100 from its previous closing rate.
Similarly, Tejabi gold, another popular variant, is now valued at Rs. 1,37,550 per tola, reflecting a Rs. 1,100 decrease from its previous day’s closing price. This decline comes after the surge observed on April 19th, 2024, when fine gold reached an all-time high of Rs. 1,39,300 per tola.
Additionally, the price of silver has also experienced a downturn, with a decrease of Rs. 35 per tola. The current market rate for silver stands at Rs. 1,705 per tola, compared to yesterday’s closing rate of Rs. 1,740 per tola.
Both domestic and international markets have witnessed a decline in prices, with the global gold rate reported at $2,366.80 per ounce. Meanwhile, silver prices exhibit negative momentum internationally, reaching $27.88 per ounce.
Investors and traders are closely monitoring these fluctuations in the precious metals market for potential investment opportunities.