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Gold price in Nepal reaches all-time high

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Kathmandu, July 22

The jewellery market in Nepal has seen a record price of gold on Wednesday.

As of the market price set by the Federation of Nepal Gold and Silver Dealers’ Associations, a tola of the fine precious yellow metal (24 carat) costs Rs 94,000. This rate is Rs 1,300 dearer than that of yesterday. Likewise, a tola of tejabi gold (22 carat) costs Rs 93,560. Meanwhile, a tola of silver costs Rs 1,135.

The federation’s general secretary Dharma Sundar Bajracharya says today’s gold price is record high though silver’s record price is already as high as Rs 1,450 per tola.

The prices of gold and silver are expected to rise for the next few days also due to the economic impacts of Covid-19.

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