Gold getting dearer at home
Kathmandu, November 22:
The price of gold saw a continuous rise this week. According to Nepal Gold and Silver Dealers’
Association (NEGOSIDA), “The price of gold kept increasing in the domestic market despite decreasing in the international market due to devaluation of the Nepali rupee against the US dollar, and the fluctuation in price of oil in the international market.”
There was no respite for the domestic market as the precious yellow metal has been getting dearer despite the fall in international price. On Friday, gold closed at Rs 19,935 per 10 gram in the domestic market despite it dropping to $748 per ounce.
The precious yellow metal on Sunday opened at Rs 19,375 per 10 gram - Rs 170 higher than last week’s closing price. The price remained constant on Monday whereas on Tuesday it surged by Rs 155 to Rs 19,550 and again remained constant on Wednesday. However, it went up to Rs 19,760 on Thursday and closed at Rs 19,935 per 10 gram on Friday. Silver remained constant at its opening price of Rs 287 per 10 gram throughout the week.