In Kathmandu, the price of gold had been on a downward trend at the beginning of the week but saw an increase of Rs 600 per tola on Wednesday. According to the Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), fine gold is now trading at Rs 118,600 per tola, marking an increase from the previous day’s rate of Rs 118,000 per tola. This comes after a trend of declining value, with the gold being traded at Rs 118,900 on Sunday and Rs 118,500 on Monday, resulting in a total decrease of Rs 1,000 per tola over three days. Similarly, Tejabi gold is being traded at Rs 118,050 per tola, compared to yesterday’s rate of Rs 117,450 per tola.
On the other hand, the price of silver remains unchanged in the market at Rs 1,375 per tola. Earlier in the week, the silver market experienced fluctuations with a decrease of Rs 20 per tola on Sunday and Rs 15 per tola on Tuesday.
Additional insight: The fluctuation in the prices of precious metals like gold and silver is often influenced by various factors such as international market trends, currency exchange rates, and geopolitical events. Investors often monitor these price movements closely as they can impact investment decisions and the overall economic outlook. It’s important to keep track of these fluctuations and understand the underlying reasons for the changes in order to make informed decisions in the precious metals market.
