Gold Slips Rs. 700 From All Time High to Trade at Rs 139,300 Per Tola Today; Silver Down By Rs. 5

The cost of fine gold has decreased by Rs. 700 per tola.

According to a recent report from the Federation of Nepal Gold and Silver Dealers' Association (FENEGOSIDA), fine gold is presently trading at Rs. 1,39,300 per tola, Rs. 700 down from the previous closing rate of Rs. 140,000 per tola.

Similarly, Tejabi gold now stands at Rs. 1,38,650 per tola, reflecting a Rs. 650 decline from its previous day's closing price of Rs. 1,39,300 per tola.

The peak surge occurred on May 16, 2024, when fine gold reached an all-time high of Rs. 140,000 per tola.

Furthermore, the price of silver has dropped by Rs. 5 per tola, with the current market rate at Rs. 1,800 per tola compared to yesterday's closing rate of Rs. 1,805 per tola.

Both domestic and international markets have witnessed a decline in prices. The latest update reveals the global gold rate at $2,379.10 per ounce, while silver exhibits negative momentum internationally, with prices reaching $29.58 per ounce.