Gold Nears Rs. 300,000 Again; Silver Approaches Rs. 5,000 Mark
Gold prices surged by Rs. 2,700 per tola to reach Rs. 299,200, nearing the Rs. 3 lakh mark, while silver also climbed close to Rs. 5,000.
Gold prices in the local market witnessed a notable increase today, moving closer to the Rs. 300,000 psychological mark.
According to the Federation of Nepal Gold and Silver Dealers' Association, gold prices rose by Rs. 2,700 per tola to reach Rs. 299,200, up from Rs. 296,500 in the previous trading session.
Tejabi gold also followed a similar trend, increasing by Rs. 2,700 to stand at Rs. 298,500 per tola, compared to Rs. 295,800 on Friday.
Silver prices also moved upward, rising by Rs. 50 per tola to reach Rs. 4,995, up from Rs. 4,945 a day earlier.
The rise in precious metal prices is largely influenced by global market trends, currency fluctuations, and changes in demand and supply dynamics. Analysts note that gold is once again approaching the Rs. 300,000 mark, reflecting strong market momentum.