Gold Prices Fall By Rs. 400, Silver Witnesses Rs. 15 Increase

The price of fine gold has undergone a decrease of Rs. 400 per tola.

According to the latest update provided by the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), the current trading price for pure gold stands at Rs. 1,25,000 per tola, indicating a decline of Rs. 400 from the previous closing rate of Rs. 1,25,400 per tola recorded on Friday.

On March 10, 2024, pure gold reached an unprecedented high at Rs. 1,26,000 per tola, marking a historic milestone.

Similarly, Tejabi gold is presently valued at Rs. 1,24,400 per tola, reflecting a Rs. 400 decrease compared to Friday's closing price of Rs. 1,24,800 per tola.

Meanwhile, the price of silver has witnessed an increase of Rs. 15 per tola, with the current market value standing at Rs. 1,530 per tola, as opposed to Friday's closing rate of Rs. 1,515 per tola.

While the domestic market sees a downward trend in prices, the international market also shows significant declines. According to the latest update, the current gold rate stands at $2,155.70 per ounce internationally. Conversely, silver is demonstrating positive momentum internationally, with prices reaching $25.18 per ounce.