Business

Gold sets new record at Rs 168,500 per tola; Silver rises too

By THT Online

Image by wirestock on Freepik

KATHMANDU, OCTOBER 29

Gold price in the domestic market hit a new peak today, with fine gold trading at Rs 168,500 per tola. This marks an increase of Rs 1,500 from Monday's rate of Rs 167,000 per tola , according to the Federation of Nepal Gold and Silver Dealers' Association.

After reaching a previous high of Rs 167,400 per tola on Sunday, gold briefly dropped by Rs 400 per tola on Monday before rebounding to a new record today. Silver prices have also risen, climbing by Rs 40 per tola to reach Rs 2,105 from Monday's Rs 2,065 per tola.

Both gold and silver prices show strong momentum, reflecting global market trends during the Nepali month of Kartik.