Gold prices surge, silver declines in domestic market
Published: 12:02 pm Feb 19, 2024
KATHMANDU, FEBRUARY 19
The domestic market witnessed a increase in gold prices on Monday, climbing by Rs 400 per tola, while silver experienced a contrasting trend, dropping by Rs 20 per tola.
Gold, after enduring a collective decline of Rs 1,500 per tola over the initial two days of the Falgun month, swiftly reversed its trajectory beginning Friday, surging by Rs 500 per tola on Sunday alone.
According to the Federation of Nepal Gold and Silver Dealers' Association (FeNeGoSiDA), fine gold is currently being traded at Rs 118,000 per tola, marking an increase from Sunday's Rs 117,600 per tola.
Similarly, tejabi gold is priced at Rs 117,450 per tola, up from yesterday's rate of Rs 117,050 per tola.
In contrast, silver, which had been steadily rising over the past few days, experienced a downturn today, sliding to Rs 1,410 per tola, decrease from yesterday's Rs 1,430 per tola. This brings the silver price back to the level observed on Friday.