Gold Prices Takes Dip: Drops by Rs. 400 Per Tola; Silver Follows Suit With Rs. 10 Fall
The fine gold market has experienced a notable shift, with prices dropping by Rs. 400 per tola.
According to the latest report from the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), fine gold is currently valued at Rs. 1,41,200 per tola, a decrease from its previous rate of Rs. 1,41,600 per tola.
Similarly, Tejabi gold has also seen a price reduction, now standing at Rs. 1,40,500 per tola, down by Rs. 400 from its previous price of Rs. 1,40,900 per tola.
This decline comes after a recent peak on June 7, 2024, when fine gold reached an all-time high of Rs. 1,45,000 per tola.
In addition, the price of silver has decreased by Rs. 10 per tola. The current market rate for silver is Rs. 1,800 per tola, compared to the previous day's rate of Rs. 1,810 per tola.
Both domestic and international markets are reflecting this downward trend in prices. Globally, gold is priced at $2,309.80 per ounce, while silver is experiencing negative momentum, with prices at $29.01 per ounce.
