Nepal's Gold Market Hits All-Time High: Unprecedented Surge Today

The Nepalese gold market witnessed an unprecedented surge, reaching an all-time high on March 5, 2024.

The Federation of Nepal Gold and Silver Dealers' Association reported an outstanding single-day increase of Rs. 2,000, propelling fine gold to an extraordinary rate of Rs. 1,23,000 per tola.

Back on December 28, 2023, fine gold had achieved a historic peak of Rs. 1,22,000 per tola, establishing a record at that time.

Tejabi gold, another highly sought-after variety, also experienced a noteworthy rise, currently valued at Rs. 1,22,400 per tola, up from its previous rate of Rs. 1,20,400.

In a parallel trend, the price of silver has also increased today. With a gain of 35 rupees, the current silver price stands at 1,445 rupees per tola. In comparison, Monday recorded a silver price of Rs. 1,410 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 $2,114.80 per ounce. Internationally, silver is also experiencing positive momentum, with prices reaching $23.67 per ounce.