The domestic market in Nepal witnessed a rise in the price of gold on Tuesday, with the cost of fine gold increasing by Rs 200 per tola. This brought the price of fine gold to Rs 118,000 per tola, up from the previous day’s price of Rs 117,800 per tola. Additionally, the price of standard gold also saw an increase, reaching Rs 117,450 per tola compared to Rs 117,250 per tola on Monday.
Conversely, the price of silver dropped by Rs 5 per tola, with silver being traded at Rs 1,450 per tola on Tuesday, down from Rs 1,455 per tola the day before.
The fluctuation in the prices of precious metals in the domestic market is likely influenced by various factors such as international market trends, currency exchange rates, and local demand. Investors and consumers should closely monitor these changes to make informed decisions regarding their gold and silver investments.
Additional Insight:
The price of gold and silver is often subject to fluctuations due to various global and local factors. These can include geopolitical events, economic uncertainty, inflation, and changes in currency values. Individuals and investors who are involved in trading these precious metals should stay informed about the market trends and factors that can impact prices. It is also important to seek advice from financial experts before making significant investment decisions in the gold and silver market.
