Kathmandu, February 17:

The price of gold today touched another record high of Rs 28,400 per tola (11.664 gram), an increment by Rs 550 over yesterday’s price.

Yesterday, gold was traded at Rs 27,850 per tola. The price of precious yellow metal increased in the domestic market because of weak Nepali rupee. “The US dollar against nepali rupee is at Rs 78.90 today against yesterday’s Rs 78.25 per dollar,” said Tej Ratna Shakya, president of Nepal Gold and Silver Dealers’ Association (NEGOSIDA).

“Apart from that the price of precious yellow metal in the international market also went up,”

he added. Yesterday, per ounce gold was $941.70 in the international market whereas today it is $957 per ounce today.

Gold this week opened at Rs 27,900 per tola.