What is the rate of gold and silver in Nepal?
New Delhi. At present, the prices of gold and silver (Gold-Silver Price Today) are at record high across the world including India. But what is the price of gold and silver in India's neighboring country Nepal? Do you know whether the rate of 10 grams 24 carat gold in Nepal is higher or lower than in India? Let us tell.
What is the rate of gold? (Gold Price in Nepal)
According to the data of Nepali Patra, the rate of 1 gram of gold in Nepal is 26,492 Nepali rupees, which becomes 16,714.54 rupees in Indian currency. Whereas in Nepal, the rate of 10 grams of gold is 2,64,920 Nepali rupees, which will become Rs 167145.38 in Indian currency. Whereas in India the rate of 24 carat 10 gram gold is currently Rs 1,54,310.
What is the price of silver? (Silver Price in Nepal)
The rate of 10 grams of silver in Nepal is 5800 Nepali rupees. Whereas in Nepal the rate of one kg silver is 5,80,000 Nepali rupees. Nepal's currency is weak against the Indian rupee. At present, 1 rupee is equal to 1.58 Nepali rupees. In this way, 5,80,000 Nepali rupees, which is the price of one kg of silver there, becomes Rs 3.65 lakh in Indian currency. The rate of 10 grams of silver in Nepal is equal to Rs 3659 in Indian currency. At present, the rate of 1 kg silver in India is Rs 317,705.
These rates show that the rate of gold and silver in Indian currency is lower in India than in Nepal.
Why did the rates reach record high?
Amid rising geopolitical tensions, from the Russia-Ukraine war to growing global power rivalry, gold prices have soared across the world, affecting even smaller economies like Nepal. This unexpected increase in prices has reduced gold trade in Nepal's domestic market, causing losses to traders and their employees.
Also read - What is the price of gold and silver in Bangladesh? Cheaper or more expensive than India? check rate
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