KATHMANDU: In mid-April 2024, the international market saw a notable rise in commodity prices, particularly in oil and gold. The price of oil, specifically Crude Oil Brent, increased by 7.6 percent to $93.12 per barrel, compared to $86.51 per barrel recorded a year earlier. Similarly, the price of gold surged by 17.2 percent to $2401.50 per ounce, up from $2048.45 per ounce during the same period last year, as reported by the Nepal Rastra Bank.
In the domestic market, the price of gold also experienced a significant uptick, with an increase of Rs. 500 per tola on the current trading day. The Nepal Gold and Silver Dealers’ Association reports that fine gold is now valued at Rs. 138,400 per tola, with standard gold at Rs. 137,750 per tola. From the previous trading day, there has been a remarkable rise, with fine gold now at Rs. 135,600 per tola and standard gold at Rs. 134,950 per tola.
Additionally, in the Nepali market, the prices of petrol and diesel were reported at Rs. 175.5 per liter and Rs. 156.5 per liter, respectively. These prices indicate the current rates for these fuel products, reflecting any changes in the domestic market.
