Gold Prices Decrease in Domestic Market
KATHMANDU, May 14: The price of gold has decreased by Rs 700 per tola in the domestic market on Tuesday. Fine gold is currently being traded at Rs 137,400 per tola, down from Rs 138,100 per tola on Monday.
Similarly, the price of standard gold has been revised to Rs 136,750 per tola on Tuesday, marking a decrease from Rs 137,450 per tola the previous day.
Silver Prices Increase
In contrast, the price of silver has seen an increase of Rs 25 per tola, reaching Rs 1,740 per tola today compared to Rs 1,715 per tola on Monday.
International Market Overview
Meanwhile, gold price has also decreased in the international market, with the price of the yellow metal dropping from $2352.55 per ounce on Monday to $2342.97 per ounce on Tuesday.
Silver is currently trading at $28.44 per ounce, up from $28.05 per ounce yesterday.
Additional Insight:
The decrease in gold prices in both the domestic and international markets could be attributed to various factors, including fluctuations in the global economy, geopolitical tensions, and the strengthening of the US dollar. Investors often turn to gold as a safe-haven asset during times of uncertainty, which can affect its price movements. On the other hand, the increase in silver prices may be influenced by factors such as increased industrial demand and supply constraints. Silver is used in various industries, including electronics and solar panels, which can drive up its price when demand is high.
