Gold Slips Rs. 300 From All Time High to Trade at Rs 150,500 Per Tola Today; Silver Down By Rs. 5

The fine gold market has experienced a noticeable shift, with prices decreasing by Rs. 300 per tola.

According to the latest report from the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), fine gold is now priced at Rs. 150,500 per tola, reflecting a Rs. 300 drop from its previous closing rate of Rs. 150,800 per tola.

Similarly, Tejabi gold has also seen a price reduction, now valued at Rs. 149,800 per tola, down by Rs. 300 from the previous day's closing price of Rs. 150,100 per tola.

This decline follows the recent peak on August 13, 2024, when fine gold reached an all-time high of Rs. 150,800 per tola.

Additionally, the price of silver has also declined, with a decrease of Rs. 5 per tola. The current market rate for silver is Rs. 1,735 per tola, compared to the previous day's closing rate of Rs. 1,740 per tola.

Both domestic and international markets are reflecting this downward trend in prices. Globally, the latest update shows gold priced at $2,459.70 per ounce, while silver continues its negative momentum, with prices falling to $27.69 per ounce.