Nepalese Gold Price Break Yesterday Records, Surges to New Heights

Once again today, the Nepalese gold market experienced an unprecedented surge, breaking yesterday's record and reaching an all-time high on March 6, 2024.

The Federation of Nepal Gold and Silver Dealers' Association reported an outstanding single-day increase of Rs. 500, propelling fine gold to an extraordinary rate of Rs. 1,23,500 per tola.

Just a day ago, on March 5, 2024, fine gold had scaled an unprecedented peak, reaching Rs. 1,23,000 per tola and creating a historical milestone at the time.

Tejabi gold, another highly sought-after variety, also experienced a noteworthy rise, currently valued at Rs. 1,22,900 per tola, up from its previous rate of Rs. 1,22,400.

Moreover, the price of silver has observed a decline of Rs. 5 per tola, with the current market rate standing at Rs. 1,440 per tola, in contrast to yesterday's closing rate of Rs. 1,445 per tola.

While the domestic market witnesses an upswing in prices, the international market also exerts a significant influence. As of the latest update, the current gold rate stands at $2,125.90 per ounce. Internationally, silver is also experiencing negative momentum, with prices reaching $23.59 per ounce.