Kathmandu, December 5:

Gold was on the downslide, the whole week. Last week it had closed at Rs 20,920 per 10 gram. Though it opened at Rs 21,005 per 10 gram this week, the price kept falling till closing day.

According to Nepal Gold and Silver Dealers’ Association (NEGOSIDA), last Friday gold per ounce was $813.90 in the international market. This Friday, the rate there dropped down to $765.35 per ounce.

“The world market is unstable; fluctuations have created a drop in the price of gold there. This has affected the domestic market too,” said NEGOSIDA.

Even relief packages have not been able to improve the value of the US dollar.

This week, gold opened at Rs 21,005 per 10 gram, that is Rs 85 higher than last week’s closing price. The price dropped to Rs 20,960 per 10 gram on Monday. On Tuesday, gold was at Rs 20,660. The price dropped yet again on Wednesday to Rs 20,510. On Thursday, it fell to Rs 20,405 and closed on Friday at Rs 20,320 per 10 gram, Rs 685 less than this week’s opening price.

Silver opened at Rs 296 per 10 gram and remained at it on Monday. Tuesday, there was a fall in the price putting silver at Rs 287 per 10 gram.

From Wednesday to Friday, silver remained constant at Rs 283 per 10 gram.