KATHMANDU, SEPTEMBER 24
The price of gold in Nepal continued its upward trend on Tuesday, rising by an additional Rs 500 per tola. These recent increases follows a surge in the international market, where gold has attracted investors due to the US Federal Reserve's decision to lower interest rates.
On Friday, the price of fine gold surged by Rs 1,500 per tola, followed by another sharp rise of Rs 1,700 on Sunday. The momentum carried into Monday with a more modest gain of Rs 400 per tola.
According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold is now being traded at Rs 159,700 per tola, up from Rs 159,200 on Monday.
In contrast, the price of silver has seen a slight decline. After remaining stable at Rs 1,920 per tola on Sunday and Monday, silver prices decreased by Rs 5 per tola on Tuesday, settling at Rs 1,915 per tola.
