Gold Jumps by Rs. 5,600 Per Tola, Silver Rises by Rs. 175
Gold and silver prices witnessed a significant increase in the Nepali market on Friday, Jestha 15, with both precious metals recording sharp gains in a single trading day.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold increased by Rs. 5,600 per tola, while silver rose by Rs. 175 per tola.
Gold Price Reaches Rs. 290,600 Per Tola
The price of fine gold is currently being traded at Rs. 290,600 per tola in the domestic market.
On Thursday, gold was traded at Rs. 285,000 per tola, meaning today’s rise marks one of the notable daily increases in recent weeks.
Silver Also Records Strong Gain
Similarly, silver prices have climbed to Rs. 5,040 per tola on Friday.
A day earlier, silver was traded at Rs. 4,865 per tola, reflecting a rise of Rs. 175 per tola within a day.
Global Market Trends Influencing Domestic Prices
Gold and silver prices in Nepal are largely influenced by international market movements and fluctuations in currency exchange rates. Rising global demand for safe-haven assets and economic uncertainty often contribute to price volatility in precious metals.
Local traders say international bullion market trends and changes in the US dollar continue to impact Nepal’s domestic gold and silver market.
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