Bullion rebounds after recent decline; silver also records sharp rise
KATHMANDU, JANUARY 5
Gold price in the domestic market surged by Rs 4,600 per tola on Monday, pushing the price of the yellow metal to Rs 265,500 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
The increase comes after gold witnessed a declining trend following its record high of Rs 270,600 per tola on December 28. Prices fell to Rs 259,600 per tola on January 1, before gradually rebounding with intermittent fluctuations.
Gold had climbed to Rs 262,500 per tola on Friday, but failed to sustain the momentum and slipped to Rs 260,400 per tola on Sunday, the federation said.
Meanwhile, the silver price also rose sharply, increasing by Rs 185 per tola on Monday. Silver, which was traded at Rs 4,500 per tola on Sunday, climbed to Rs 4,685 per tola in the domestic market.
