Kathmandu, December 22:

Gold price in the domestic market increased by Rs 130 per 10 gram this week.

The precious yellow metal in the local bullion market closed at Rs 16,630, a rise of Rs 130 from the opening price of Rs 16,500 on Sunday.

On Monday, the hallmark gold was traded at Rs 16,545, on Tuesday at Rs 16,480, and on Wednesday, Thursday and Friday at Rs 16,630, according to Nepal Gold and Silver Dealers’ Association’s (NEGOSIDA) weekly report.

The fluctuation in global oil prices and stable dollar price have pushed the price of gold up. Similarly, in the international market also the gold recorded $802 on the last day of the trading from $800 per ounce.

Meanwhile, silver price also saw a rise by two rupees per 10 gram this week. It was traded at Rs 303 per 10 gram on Sunday and Monday. But on Tuesday it dropped to Rs 300 and on Wednesday again posted Rs 303, on Thursday to Rs 304 and finally it closed at Rs 305 on Friday, the last day of the trading.

Recently, domestic bullion market has witnessed its high and low as the international oil price and gold price have been unstable. The decreasing US dollar has also been hitting the gold price.