Bullion prices show sign of stability

Kathmandu, September 1:

With no change in dollar, gold price in the local bullion market remained static this week.

The price of precious yellow metal slightly drooped by Rs 45 from the opening Rs 14,510 per

10 gram to Rs 14,465 on the closing day.

The trading of hallmark gold that opened at Rs 14,510 per 10 gram on Sunday remained static on other days at Rs 14,465, according to Nepal Gold and Silver Dealers’ Association (NEGOSIDA).

In the new price tag, the hallmark gold in the local market costs Rs 16,872 per tola.

The gold price remained static, along with mixed performance of leading stock markets globally, as the precious yellow metal is used to cover up losses in equity trading, states NEGOSIDA.

A slight increment in oil prices has also impacted the bullion price in the international market. In the international market, the gold price dropped marginally to $657 per ounce this week from $659 last week.

The price of silver also dropped by two rupees from Rs 270 to Rs 268 per 10 gram.

The market opened with a price tag at Rs 270 on Sunday and dropped to Rs 269 on Monday, and closed at Rs 268 on Friday.