Gold and silver prices hit new record high

Kathmandu, Dec 24: Prices of gold and silver have continued to climb over the past several days, repeatedly setting new records.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has been fixed at Rs 268,100 per tola (11.66 grams) today, while silver is priced at Rs 4,420 per tola. These are the highest prices recorded so far for both precious metals.

On Sunday, gold was priced at Rs 258,300 per tola and silver at Rs 4,105 per tola. The prices increased on Monday to Rs 261,700 and Rs 4,235 per tola respectively, and rose further on Tuesday to Rs 267,200 for gold and Rs 4,255 for silver.

Market analysts attribute the continued rise in gold and silver prices to a stronger US dollar. In the international market, gold is currently trading at USD 4,525 per ounce, while silver is priced at USD 73 per ounce.

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