KATHMANDU: Gold and silver prices have been rising continuously in the local market over the past several days, with both precious metals posting fresh record highs again today.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has reached Rs 269,300 per tola, while silver is being traded at Rs 4,585 per tola. The current rates are the highest ever recorded for both metals in the domestic market.
On Wednesday, hallmark gold was traded at Rs 268,100 per tola and silver at Rs 4,420. Prices dipped slightly on Thursday, with gold falling to Rs 267,500 per tola and silver to Rs 4,400, before rebounding sharply again today.
Market analysts attribute the continued rise in gold and silver prices to the strengthening of the US dollar, which has pushed up prices in the domestic market.
In the international market, gold is being traded at around USD 4,500 per ounce, while silver is priced at approximately USD 75 per ounce, according to international media reports.
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