Gold Price Hits Record High in Nepali Market
Kathmandu. The price of gold has set a new record in the Nepali market. According to the Federation of Nepal Gold and Silver Dealers' Association, the price of gold reached NPR 309,000 per tola on Monday.
According to the Federation, the price for hallmark gold was set at NPR 309,000 per tola and NPR 264,920 per 10 grams for Monday. On Sunday, the price of gold was NPR 303,800 per tola. The price increased by NPR 5,200 per tola in a single day. The current price is the highest ever recorded.
The rise in the Nepali market price is attributed to the increase in the international market price of gold, fluctuations in the US dollar exchange rate, and geopolitical instability.
Similarly, the price of silver also increased today. According to the Federation, the price of silver was set at NPR 6,765 per tola and NPR 5,800 per 10 grams today. Yesterday, the price of silver was NPR 6,480 per tola.
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