Gold and Silver Prices Rebound in Nepali Market
KATHMANDU, April 15: After a slight dip in trading prices over the weekend, both gold and silver rebounded on Monday, continuing their recent upward trend. Gold prices surged by Rs 700 per tola in the domestic market on Monday.
Gold Prices in Nepal
Fine gold is being traded at Rs 137,500 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Associations. The price of fine gold was Rs 136,800 per tola on Sunday after a decrease of Rs 2,200 per tola compared to the price last Friday. The price of standard gold is fixed at Rs 136,850 per tola on Monday.
Silver Prices on the Rise
The price of silver has risen by Rs 15 per tola, with silver now standing at Rs 1,715 per tola, up from Rs 1,700 per tola yesterday.
International Market Trends
Internationally, both gold and silver are also trading higher compared to the previous day. Gold is currently priced at $2355.99 per ounce, up from $2344.53 per ounce on Sunday, marking a month-on-month increase of 8.38 percent or $181.08 per ounce. On the other hand, silver is trading at $28.21 per ounce, compared to Sunday’s price of $27.94 per ounce, reflecting a month-on-month increase of 11.54 percent or $2.89 per ounce.
Insight:
As the global economy shows signs of recovery amid the ongoing pandemic, investors are turning to safe-haven assets like gold and silver to hedge against inflation and uncertainty. The recent surge in prices could be attributed to these factors, as well as geopolitical tensions and a weaker US dollar.
