Gold and Silver Prices Surge Significantly in Nepali Market This Week

Kathmandu. Both gold and silver prices have seen a significant surge in the Nepali market this week. According to the Federation of Nepal Gold and Silver Dealers' Association, the price of gold increased by NPR 10,200 per tola from last Friday until yesterday (Friday), while silver became more expensive by NPR 690 per tola.

According to the Federation, the price of standard gold was NPR 304,700 per tola last Friday (Falgun 8). Subsequently, when the market opened on Sunday, the price of gold sharply rose to NPR 310,300. The price of gold, which climbed throughout the week, stood at NPR 313,500 on the 11th, and traded at NPR 314,800 per tola on the 12th and 13th while remaining stable. 

On Thursday (the 14th), the sixth trading day of the week, the price of gold reached its weekly high of NPR 315,400 per tola. However, on the last trading day of the week, yesterday (Friday, the 15th), gold saw a slight decrease of NPR 500 per tola, closing the trade at NPR 314,900 per tola.

Along with gold, silver prices also showed a continuous increase throughout the week. Silver, which traded at NPR 5,050 per tola last Friday, reached NPR 5,740 per tola by yesterday (Friday). According to the Federation, the price of silver was NPR 5,425 on the 10th, NPR 5,595 on the 11th, and slightly decreased to NPR 5,585 on the 12th. Thereafter, silver continuously climbed, reaching NPR 5,715 on the 13th and NPR 5,725 on the 14th, becoming the most expensive on the last trading day, yesterday (Friday).

Similarly, the price of 10 grams of gold, which was NPR 261,230 last Friday, reached NPR 269,975 by yesterday (Friday). Likewise, silver, which was NPR 4,329.50 per 10 grams, increased to NPR 4,921.