Wed, 12 June, 2024

Nepal gold price hits another record as it’s traded at Rs 111,000/tola

Staff Reporter Apr 05, 2023

Kathmandu : The price of the yellow metal has reached an all-time high after it spiked by Nrs 2000 on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at NRs 111,000 per tola. Meanwhile, tejabi gold gained NRs 1,950 since Tuesday to be priced at Rs 110,450.
In the same manner, silver has gained NRs 40 per tola. The lustrous white metal is being traded in the local market today at Rs. 1,440 per tola.Recently, the price of gold had made an all-time high in the Nepali market on 19th March, 2023. On the day, fine gold maintained a price Rs. 110,000 per tola while tejabi gold was traded at Rs. 109,500.

The gold and silver prices in Nepal are determined by a variety of factors, including international market forces and local conditions. Here are a few key factors that influence the prices.