KATHMANDU, JANUARY 15
The price of gold in the domestic market continued to rise on Monday, with an increase of Rs 300 per tola. The Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA) reported that fine gold is now trading at Rs 119,500 per tola, up from Rs 119,200 on Sunday. Standard gold also saw an increase, with a new value of Rs 118,950 per tola, compared to Rs 118,650 the day before.
In contrast, the price of silver remained steady at Rs 1,420 per tola, unchanged from Sunday’s rate.
Insight: The increase in the price of gold in the domestic market may be influenced by a variety of factors, including global economic conditions, geopolitical tensions, and demand for safe-haven assets. Investors often turn to gold as a hedge against inflation and market volatility, which can drive up prices in the domestic market. Additionally, fluctuations in currency exchange rates and government policies can also impact the price of gold. It is important for traders and consumers to stay informed about these factors in order to make informed decisions about buying and selling gold.
