KATHMANDU, March 1: The price of gold saw a significant increase in the domestic market on Friday, rising by Rs 600 per tola. Fine gold is now being traded at Rs 119,000 per tola, up from Rs 118,400 per tola the previous day, as reported by the Federation of Nepal Gold and Silver Dealers’ Associations.
Similarly, the price of standard gold has also risen to Rs 118,450 per tola on Friday, compared to Rs 117,850 per tola on Thursday. This sudden surge in gold prices can be attributed to various factors such as global economic conditions, geopolitical tensions, and market demand.
In addition to gold, the price of silver has also increased by Rs 15 per tola, reaching Rs 1,390 per tola on Friday, up from Rs 1,375 per tola the day before. It is essential for investors and buyers to closely monitor these fluctuations in precious metal prices to make informed decisions regarding their investments.
It is worth noting that the prices of gold and silver are influenced by a multitude of factors, including inflation, interest rates, and global demand. As such, it is vital for individuals involved in the precious metals market to stay updated on the latest market trends and news to navigate the market effectively.
