Kathmandu, March 19
The jewellery market in Nepal has seen a record-high gold price on Sunday.
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 carats) costs Rs 110,000.
This is the highest rate at which the yellow metal has been traded in the country, according to the federation’s general secretary Dharma Sundar Bajracharya.
This per-tola gold price set for today is Rs 2,900 dearer than that of Friday.
Likewise, a tola of tejabi gold (22 carats) costs Rs 109,500. Meanwhile, a tola of silver costs Rs 1,345.
The gold and silver prices in Nepal are determined by a variety of factors, including international market forces and local conditions. Here are a few key factors that influence the prices.