Gold and Silver Prices Rebound After Sharp Decline
After witnessing a heavy decline for three consecutive days, gold and silver prices in the Nepali market rebounded on Tuesday, with both precious metals recording notable gains.
Gold and silver prices increased in the domestic market on Tuesday, Magh 19, following a sharp downward trend over the past three days.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of fine gold rose by Rs. 3,700 per tola, trading at Rs. 290,300 per tola. On Monday, fine gold was traded at Rs. 286,600 per tola.
Similarly, silver prices also saw an upward movement. The price of silver increased by Rs. 135 per tola and is currently being traded at Rs. 5,335 per tola. In the previous trading session, silver was priced at Rs. 5,200 per tola.
The rise comes after continuous heavy losses in gold and silver prices, signaling a short-term recovery in the precious metals market.