KATHMANDU, FEBRUARY 11 – Gold prices in the domestic market saw a decline this Sunday, dropping by Rs 500 per tola. The Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA) reported that the current trading rate for gold is Rs 118,000 per tola, down from the previous day’s rate of Rs 118,500 per tola. Tejabi gold is also experiencing a decrease, now being traded at Rs 117,450 per tola compared to Rs 117,950 per tola previously.
On the other hand, the price of silver has remained stable at Rs 1,390 per tola, consistent with the rate from Friday. Despite a minor increase of Rs 20 per tola on Friday, silver prices have been on a downward trend over the past few weeks.
Insight: The fluctuations in gold and silver prices in the domestic market could be influenced by a variety of factors such as international market trends, the value of the local currency, and supply and demand dynamics. Investors and consumers should stay updated on market trends and economic indicators to make informed decisions regarding the purchase and sale of precious metals.
