Gold fluctuates in domestic market
Kathmandu, July 26:
Gold price showed mixed behaviour this week - reaching a high of Rs 21,690 on Tuesday and dipping to a low of Rs 20,405 per 10 gram on Thursday.
“The strong American dollar and fall in the price of crude oil to $126 per barrel have pulled the price of the precious yellow metal down,” states a release of Nepal Gold and Silver Dealers’ Association’s (NEGOSIDA).
Gold price opened at Rs 21,350 per 10 gram on Sunday in the domestic market, a fall of Rs 85 per 10 gram from the closing of Rs 21,435.
The precious yellow metal remained constant at Rs 21,350 per 10 gram on Monday too. But on Tuesday, it flared to Rs 21,690. However, it plunged to Rs 21,090 on Wednesday.
On Thursday, it further dipped to Rs 20,405 to close at Rs 20,700 per 10 gram on Friday.
Similarly, the price of silver also plunged by four rupees to Rs 386 from the opening
price of Rs 390 per 10 gram on Sunday.