Kathmandu, Feb 17 – After a sharp decline yesterday, gold prices in Nepal have rebounded, reflecting the continued volatility in the precious metals market.
According to the Nepal Gold and Silver Dealers’ Federation, the price of gold has surged by Rs 1,200 per tola, bringing it to Rs 168,700 per tola from yesterday’s Rs 167,500 per tola. This follows a steep drop of Rs 2,700 per tola recorded on the previous trading day.
Gold had recently touched a high of Rs 170,200 per tola last Friday, indicating fluctuating demand and external market influences.
Similarly, silver prices have also witnessed an upward trend. The price of silver has increased by Rs 15 per tola, reaching Rs 1,970 per tola in today’s trading.
The price movements in gold and silver are influenced by various global factors, including international market trends, currency exchange rates, and investor sentiment. Analysts suggest that market uncertainty and global economic conditions continue to play a crucial role in these fluctuations.
Investors and traders in Nepal’s bullion market will be closely watching the trends in the coming days to gauge the next move in precious metal prices.
