KATHMANDU, JULY 7
The Price Surge of Gold in Nepali Market
The price of gold has surged by Rs 1,000 per tola in the domestic market on Sunday. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now being traded at Rs 145,400 per tola, up from Rs 144,400 per tola on Friday.
Insight:
This sudden rise in the price of gold can be attributed to various factors such as international market trends, geopolitical tensions, and demand-supply dynamics. Investors often turn to gold as a safe-haven asset during times of uncertainty, which can drive up prices significantly.
Similarly, the price of tejabi gold has risen to Rs 144,700 per tola, compared to Rs 143,700 per tola on Friday.
The price of silver has also increased, with it being traded at Rs 1,890 per tola today. This marks a Rs 20 per tola increase from Rs 1,870 per tola on Friday.
Further Market Trends:
It’s essential for investors and traders to closely monitor market trends and keep informed about the factors influencing the prices of precious metals like gold and silver. Understanding these trends can help in making informed decisions regarding investments and trading strategies.
