Gold losing lustre
KATHMANDU: The domestic market of gold opened at Rs 24,090 per 10 gram last Sunday but closed at Rs 385 less with gold trading for Rs 23,705 per 10 gram on Friday. According to Nepal Gold and Silver Dealers’ Association (NEGOSIDA), improvement in the American economy has resulted in a fall in the price of gold in the international market and a fall in the trading price of gold in the domestic price as well. Gold was traded for Rs 24,090 per 10 gram on Monday while with an increase of Rs 45 on Tuesday gold priced at Rs 24,135. With a fall of Rs 260, gold dropped to Rs 23,875 per 10 gram on Wednesday, and with another decline of Rs 210 it dropped further to Rs 23,665 per 10 gram on Thursday. Gold closed at Rs 23,705 per 10 gram on Friday.
The price of gold in the international market last Sunday was $951 per ounce which declined to $937 per ounce on Friday, said NEGOSIDA.
Meanwhile, silver opened at Rs 363.50 per 10 gram last Sunday and remained so on Monday. On Tuesday, silver got traded for Rs 366 per 10 gram while with a fall of Rs 3, silver was traded for Rs 363.50 on Wednesday. Silver priced at Rs 356 per 10 gram on Thursday and closed at Rs 358.50 per 10 gram on Friday.