Breaking Records: Nepal's Gold Market Hits All-Time High

Tue, Oct 29, 2024 11:33 AM on Economy, National, Latest,

Gold prices in the Nepalese market have reached an unprecedented peak, experiencing a substantial one-day rise of Rs. 1,500.

According to the Federation of Nepal Gold and Silver Dealers' Association, the price of fine gold has climbed to Rs. 1,68,500 per tola, eclipsing the previous day's rate of Rs. 1,67,000 per tola.

Tejabi gold also saw a notable increase, now valued at Rs. 1,67,800 per tola, up from Rs. 1,66,300 per tola the prior day.

This surge represents a significant milestone, following the record set on October 27, 2024, when fine gold reached Rs. 1,67,400 per tola.

Furthermore, silver prices have risen by Rs. 40 per tola, now standing at Rs. 2,105 per tola, compared to Rs. 2,065 per tola the previous day.