Both gold and silver saw a significant decline in Nepal on Tuesday (Asar 8), with gold dropping by Rs. 1,600 per tola and silver falling by Rs. 140 per tola.
Gold prices jumped by NPR 1,400 per tola on Monday, while silver recorded a growth of NPR 40 per tola, signaling a strong bullish trend in Nepal's domestic bullion market.
Nepal Rastra Bank has unveiled Sunday's official foreign exchange rates, positioning the US Dollar selling rate at NPR 151.22, the Euro at NPR 173.34, and the UK Pound Sterling at NPR 200.13.
Gold surged by NPR 600 per tola to reach NPR 2,87,300, while silver climbed by NPR 50 to trade at NPR 4,690 at the start of the week's trading session.
Gold prices plunged by a massive Rs. 10,500 per tola, while silver dropped by Rs. 305 per tola on Friday, Ashar 5.
Nepal Rastra Bank (NRB) has unveiled the official foreign exchange reference rates for Thursday. Under the latest reference schedule, the US Dollar is pegged at a buying rate of NPR 150.95, while major European currencies like the Euro and UK Pound Sterling maintain strong benchmarks at NPR 174.95 and NPR 202.36 (buying), respectively.
Precious metals in Nepal recorded a marginal drop on Thursday, with gold dipping by NPR 100 per tola and silver sliding by NPR 35 per tola, offering a brief breather after recent market highs.
Backed by 914 companies, total foreign investment pledges hit Rs. 47.61 Billion by the end of Jestha, with the agriculture sector leading the share.
Precious metal prices take a hit as gold drops by Rs. 1,200 per tola and silver plunges to Rs. 4,080 on Wednesday.
Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Tuesday. The central bank fixed the buying rate for the US Dollar at 𝓡𝓼. 151.24 and the selling rate at 𝓡𝓼. 151.84, while retail rates across commercial banks may vary based on market conditions.
The Department of Industry has approved ₹47.61 billion in foreign direct investment commitments across 914 ventures in 11 months, with the simplified Automatic Route rapidly capturing small-scale projects.
Gold prices in the Nepalese market witnessed a minor increase on Tuesday, while silver prices took a downward turn. According to the Federation of Nepal Gold and Silver Dealers' Association, gold climbed by Rs. 300 per tola, whereas silver slipped by Rs. 25 per tola.