Nepali gold buyers woke up to a price increase today as the price of gold went up by Rs. 500 per tola. This is a new record in the domestic market.
The price of fine gold has gone up to Rs. 195,200 per tola today, stated the Federation of Nepal Gold and Silver Dealers’ Association. The rate last Friday was Rs. 194,700, and it has been trending upward since then.
Silver Also Inches Up
Not only gold prices of silver have increased too. The price increased by Rs. 10 per tola, taking it to Rs. 2,160 per tola on the market.
What Should Buyers Do?
When prices increase, potential buyers can wait until they are ready to spend on high-cost items. Investors can look at this as a sign that the precious metals market will keep increasing. If you’re going to purchase, watch daily price changes closely.
