Friday, November 15th, 2024

Gold prices surge by 17.2%, oil prices rise by 7.6% in last one year


12 May 2024  

Time taken to read : 2 Minute


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KATHMANDU: The international market witnessed a significant uptick in commodity prices, with the price of oil (Crude Oil Brent) increasing by 7.6 percent to $93.12 per barrel in mid-April 2024, compared to $86.51 per barrel a year earlier.

Similarly, the price of gold surged by 17.2 percent to $2401.50 per ounce in mid-April 2024, up from $2048.45 per ounce a year ago, according to the Nepal Rastra Bank.

In the domestic market, the price of gold experienced a notable rise, with an increase of Rs. 500 per tola today.

As reported by the Nepal Gold and Silver Dealers’ Association, the price of fine gold has been set at Rs. 138,400 per tola, while standard gold is currently trading at Rs. 137,750 per tola.

This marks a significant increase from the previous trading day, where fine gold was priced at Rs. 135,600 per tola, and standard gold at Rs. 134,950 per tola.

Meanwhile, in the Nepali market, the price of petrol stands at Rs. 175.5 per liter, while diesel is priced at Rs. 156.5 per liter.

 

Publish Date : 12 May 2024 16:26 PM

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