The domestic market saw an increase in the price of gold on Sunday, with the price of fine gold rising by Rs 400 per tola to reach Rs 118,400. This is a significant increase from the previous day’s price of Rs 118,000 per tola, as reported by the Federation of Nepal Gold and Silver Dealers’ Associations. Standard gold also saw a rise in price, going from Rs 117,450 per tola on Friday to Rs 117,850 per tola on Sunday.
In contrast, the price of silver experienced a marginal decrease of Rs 5 per tola, with the current trading price being Rs 1,390 per tola, down from Rs 1,395 per tola on the previous day.
The fluctuation in the prices of precious metals like gold and silver in the domestic market can be influenced by a variety of factors, including international market trends, supply and demand dynamics, and currency fluctuations. Investors and consumers should stay informed about these fluctuations to make informed decisions regarding purchasing and trading precious metals. Additionally, the rise in gold prices may reflect economic uncertainty, as investors often turn to gold as a safe-haven investment during times of instability.
