The domestic gold market is on an upward trajectory, with prices smashing through previous records yet again. On Thursday, the price surged by Rs 1,000 per tola, hitting a new milestone.
According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold is now is now being traded at Rs 134,000 per tola, marking a significant jump from Wednesday's rate of Rs 133,000 per tola.
The gold had soared by Rs 1,800 per tola on Wednesday, setting the stage for today's continuation. Gold has witnessed a staggering increase of Rs 4,000 per tola in the week so far, despite a minor setback of Rs 400 per tola on Tuesday, an aberration in an otherwise steadfast ascent.
Similarly, Tejabi gold is now being traded at Rs 133,350 per tola, up from Wednesday's figure of Rs 132,350 per tola.
Meanwhile, silver, which saw a notable increase of Rs 65 per tola on Wednesday, is showing no signs of slowing down. Today, it rose by Rs 40 per tola, reaching a trading price of Rs 1,650 per tola, up from Rs 1,610 per tola just a day ago.
According to experts, this surge in precious metal prices in the Nepali market is due to the rising prices in the precious metals in international markets.