Gold and Silver Prices Surge, Gold Crosses NPR 300,000 Again

On Wednesday, Magh 21, gold and silver prices in the Nepali market recorded a significant increase. The price of gold crossed NPR 300,000 per tola again, rising by NPR 14,400 in a single day. According to the Nepal Sun Chandi Byabasayi Mahasangh, the price of hallmark gold reached NPR 304,700 per tola, compared to NPR 290,300 per tola on Tuesday.

Similarly, the price of silver also increased by NPR 265 per tola. On Wednesday, silver was traded at NPR 5,600 per tola, up from NPR 5,335 on Tuesday. Traders stated that rising international prices and increased local demand contributed to the surge in precious metal prices.