In a significant shift in the domestic market, the price of gold experienced a notable surge, climbing by Rs 500 per tola, while silver also registered an uptick of Rs 20 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), fine gold is currently being traded at Rs 117,600 per tola, marking a notable increase from the previous rate of Rs 117,100 per tola. This surge follows a fluctuating trajectory in gold prices throughout the Falgun month, initially witnessing a decline of Rs 1,500 per tola within the first two days, stabilizing on Thursday, and showing a substantial rise of Rs 600 per tola on Friday. Similarly, tejabi gold is now valued at Rs 117,050 per tola, compared to the previous rate of Rs 116,550 per tola.
On the other hand, the price of silver continued its upward trend with a Rs 20 per tola increase on Sunday, reaching Rs 1,430 per tola as opposed to the previous rate of Rs 1,410 per tola. Notably, silver had already seen a rise of Rs 35 per tola on Friday, indicating a positive trend in the precious metals market. The market dynamics suggest a combination of factors influencing the surge, and investors and traders are closely monitoring the trends for potential implications.
