Gold and Silver Prices Continue to Rise
KATHMANDU, April 4: The upward trend in the price of gold and silver has continued with a rise of Rs 1,000 per tola on Thursday.
The price of fine gold has surged to Rs 134,000 per tola today, up from Rs 133,000 per tola the previous day. This increase could be attributed to various factors, such as economic uncertainties, inflation, and global demand for safe-haven assets like gold.
Similarly, standard gold is being traded at Rs 133,350 per tola, indicating a steady climb in the precious metal’s value.
Silver Prices on the Rise
Silver prices have also climbed to Rs 1,650 per tola, showing an increase of Rs 40 per tola from the previous day’s price of Rs 1,610 per tola. Silver, like gold, is often seen as a hedge against economic uncertainty, leading to an increase in its demand and subsequently its price.
International Market Trends
In the international market, gold is trading at $2299.45 per ounce on Thursday, up from $2283.86 per ounce on Wednesday and $2253.84 per ounce on Tuesday. The global economic landscape, geopolitical tensions, and fluctuations in the US dollar can all influence the price of gold in the international market.
Silver is also experiencing a rise in its price, trading at $27.08 per ounce, compared to $26.34 on Wednesday and $25.32 on Tuesday. Investors often turn to silver as a more affordable alternative to gold, especially during times of economic turmoil.
