Unprecedented Gold Surge in Nepal: Prices Reach All-Time Highs

Consistently, the gold market in Nepal has experienced an unprecedented surge, hitting a new all-time high on April 7, 2024.

As per the Federation of Nepal Gold and Silver Traders' Association, there was a notable single-day increase of Rs. 2,900, propelling the price of fine gold to an exceptional rate of Rs. 1,35,600 per tola, up from its previous rate of Rs. 1,32,700.

Similarly, Tejabi gold, another highly sought-after variant, has observed a significant rise, now valued at Rs. 1,34,950 per tola, marking a consecutive increase of Rs. 2,900 from its previous rate of Rs. 1,32,050.

On April 4th, 2024, a historic milestone was reached as fine gold surged to an all-time high of Rs. 1,34,000 per tola.

In line with this trajectory, the price of silver has also surged and set new records today. Presently priced at Rs. 1,670 per tola, silver witnessed an Rs. 55 increase from the previous day's rate of Rs. 1,615 per tola.

While the domestic market is witnessing an upward trend in prices, the international market is equally influential. According to the latest update, the current gold rate stands at $2,329.20 per ounce. Internationally, silver is also experiencing positive momentum, with prices reaching $27.44 per ounce.