Gold Prices Stable in Domestic Market
KATHMANDU, April 17: The price of gold remained stable in the domestic market on Wednesday. The trading price of fine gold maintains stability at Rs 139,200 per tola today.
The price of standard gold has also remained constant at Rs 138, 550 per tola today.
Decline in Silver Prices
Meanwhile, the price of silver has experienced a decline of Rs 35 per tola on Wednesday. Silver is being traded at Rs 1,715 per tola, down from Rs 1,750 per tola on Tuesday.
International Market Trends
In the international market, gold is trading at $2381.91 per ounce on Wednesday. It slightly decreased from $2388.32 per ounce on Tuesday. The prices were $2355.99 per ounce on Monday and $2344.53 per ounce on Sunday.
Meanwhile, silver is priced at $28.21 per ounce, down from $28.85 per ounce on Tuesday. The prices stood at $28.21 per ounce on Monday and $27.94 on Sunday.
Insight:
Gold prices can be influenced by various factors such as economic stability, geopolitical events, and market speculation. Investors often turn to gold as a safe-haven asset during times of economic uncertainty.
Silver, often known as “poor man’s gold,” is also used for industrial purposes in addition to being a precious metal. Its price movements can be affected not only by market demand but also by changes in industrial manufacturing.
