Gold and Silver Prices Rise in Nepal, Gold Crosses NPR 300,000 Again

Gold and silver prices in the Nepali market increased on Sunday, the first trading day of the week, influenced by trends in the international market. Due to the global price surge, the local gold rate rose by NPR 9,500 per tola, crossing the NPR 300,000 mark once again.

According to the Nepal Gold and Silver Dealers’ Association, fine gold (hallmarked gold) is being traded at NPR 300,500 per tola on Sunday. On the previous trading day, Friday, gold was traded at NPR 291,000 per tola, after dropping by NPR 4,200.

Silver prices also recorded an increase. On Sunday, silver rose by NPR 300 per tola to reach NPR 5,010 per tola, as reported by the association. On Friday, silver was traded at NPR 4,710 per tola.

Market experts state that fluctuations in international gold and silver prices, changes in the US dollar exchange rate, and global economic conditions directly affect the Nepali bullion market. The recent rise in global demand for precious metals has contributed to the upward trend in domestic prices.

Analysts further suggest that gold and silver prices may continue to fluctuate in the coming days, depending on global economic developments and geopolitical situations.