Gold and Silver Extend Strong Rally in Nepal
Gold and silver prices continued their upward momentum in Nepal, posting strong gains for a second straight session.
Gold and silver prices extended their rally in Nepal on Tuesday, marking a second consecutive day of strong gains as bullish sentiment persisted in the domestic bullion market.
According to the Nepal Gold and Silver Dealers Federation, the price of gold jumped by Rs 3,100 per tola to trade at Rs 268,100. The metal had closed at Rs 265,000 per tola in the previous session.
Silver prices also continued to rise, gaining Rs 195 per tola during the day. Silver was trading at Rs 4,880 per tola, up from Rs 4,685 per tola on Monday.
Market participants attributed the sustained rise to strong buying interest, driven by higher global bullion prices and continued demand for safe-haven assets. Traders expect prices to remain volatile in the near term, tracking movements in international markets.