Gold and Silver Prices Continue to Rise
KATHMANDU, April 8: The prices of gold and silver, which have been on a continuous upward trend, have once again experienced a hike. The price of gold has increased by Rs 600 per tola in the domestic market today.
Currently, the price of fine gold is at Rs 136,200 per tola, up from Rs 135,600 per tola on Sunday.
Similarly, the price of standard gold stands at Rs 135,550 per tola today, showing an increase from Rs 134,950 per tola the previous day.
Rising Prices and Market Trends
The Federation of Nepal Gold and Silver Dealers’ Associations has noted that while there was a slight dip in prices on Friday, the trend reversed with prices increasing again on Sunday and Monday. Notably, in the current month alone, the price of gold has surged by Rs 10,400 per tola.
Additionally, silver prices have also seen an uptick, reaching Rs 1,685 per tola, an increase of Rs 15 per tola compared to Sunday’s rate of Rs 1,670 per tola.
International Market Comparisons
In the global market, gold has climbed to $2,340.78 per ounce on Monday, up from $2329.93 an ounce on Sunday. This translates to a $143.95 increase per ounce within a month. Similarly, silver is trading at a higher price of $27.77 per ounce, compared to $27.49 on Sunday.
Insight:
The continuous rise in gold and silver prices can be attributed to various factors, including global economic uncertainty, inflation concerns, and geopolitical tensions. Investors often turn to precious metals like gold and silver as safe-haven assets during times of market volatility. Additionally, fluctuations in currency values and interest rates can also influence the prices of these metals. It is essential for investors to stay informed about market trends and factors affecting the precious metals market to make informed decisions regarding their investments.
