Gold price down, silver up

Kathmandu, January 16

Gold price slumped by Rs 100 per tola, however, silver increased by five rupees a tola over the week, from January 10 to 15.

The market opened on Sunday with gold price fixed at Rs 49,800 per tola. The price of the precious yellow metal edged up by Rs 100 a tola on Monday to be traded at Rs 49,900 per tola. However, gold price decreased on Tuesday and Wednesday. The bullion price tumbled by Rs 200 a tola on Tuesday and was fixed at Rs 49,700 per tola.

Likewise, price of gold plunged by Rs 600 per tola in a single day on Wednesday to be traded at Rs 49,100 a tola.

The precious yellow metal recovered the previous day’s loss, rising by Rs 600 a tola to Rs 49,700 per tola on Thursday. Gold price remained unchanged on Friday due to a public holiday for Maghe Sankranti festival.

Meanwhile, price of silver went up by five rupees per tola during the five trading days of the week.

The market opened on Sunday with silver price fixed at Rs 675 per tola and remained unchanged till Wednesday. The price of the white metal increased by five rupees per tola to settle the week’s trading at Rs 680 a tola, as Friday was a public holiday.

Federation of Nepal Gold and Silver Dealers’ Association, which fixes price of bullion for the domestic market based on the rates of international market, does not review the prices on public holidays.