Nepal | August 10, 2020

Gold price nears Rs 100,000 per tola

Himalayan News Service
Share Now:

KATHMANDU: Gold price, which has been continuously surging in recent months, hit a fresh record of Rs 99,000 per tola on Thursday. As per the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold rose by Rs 500 a tola on Thursday compared to Wednesday’s price to set a new record.

The yellow metal is making record every passing day in terms of price. Gold prices have been rising to unprecedented highs in the global bullion markets as investors are preferring safe haven assets amid economic uncertainty triggered by the COVID-19 pandemic.

“The rise in gold price has severely affected businesses of gold jewellery as there is no demand for new gold in the market,” said Mani Ratna Shakya, former president of the federation. In line with gold, silver price too is rising every day. On Thursday, silver was traded at Rs 1,225 per tola in the domestic market.

A version of this article appears in e-paper on July 31, 2020, of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Transitional Justice, court, justice, punishment, law

Judiciary: Public should maintain restraint on comments about court order/verdicts

We should not forget that it is the court that upholds justice, protect people's rights. Had the judiciary not been there, whatever the two powerful organs of the state — executive and legislature — wanted to happen, could happen. It is the judiciary that checks the excesses of the executive and Read More...

Messi helps Barca sink Napoli to reach last eight

Barcelona beat Italians 3-1 for 4-2 aggregate win Messi scores and earns penalty at empty Nou Camp Barca face Bayern in Champions League last eight BARCELONA: A fired-up Lionel Messi led Barcelona to a 3-1 win at home to Napoli on Saturday for a 4-2 aggregate victory which took the Read More...

Lewandowski dazzles as Bayern crush Chelsea to reach last eight

MUNICH: Robert Lewandowski struck twice and set up two more goals as Bayern Munich cruised past Chelsea 4-1 on Saturday to reach the Champions League quarter-finals with a 7-1 aggregate victory and remain on course for a treble of titles. The Bavarians will be on an 18-game winning streak acr Read More...

PM Oli tells Madi delegation to Build Ram's idol and promote Ayodhyapuri as his place of birth

Kathmandu, August 8 At a time when the entire country is concerned about the sharp rise in coronavirus cases, Prime Minister KP Sharma Oli is trying to convince everybody that Lord Ram’s birth place is in Ayodhyapuri, area of Madi Municipality, Chitwan. The PM, who had made a phone call to W Read More...

Activist Iih to end hunger strike today

Kathmandu, August 8 Youth activist Iih, initiator of ‘Enough is Enough’ campaign, is set to end his 21- day hunger strike tomorrow, as the government has agreed to meet the demands of the satyagrahis. Iih has been staging the fast-unto-death strike demanding government’s effective role i Read More...

Maintain essential health services during COVID-19 response: WHO

KATHMANDU, AUGUST 8 World Health Organisation has urged member countries, including Nepal, in the South-East Asia Region to accelerate resumption of disrupted health-care services, hit by the pandemic, as an integral part of the COVID-19 response. “The pandemic has put immense strain on heal Read More...

Birgunj

Young woman dies for want of treatment

BIRGUNJ, AUGUST 8 Bishnu Lama, 22, of Chhapakaiya, Birgunj-2, died for want of treatment in Birgunj this morning. Various hospitals, including Birgunj-based Narayani Hospital had refused to admit Lama, who had experienced breathing complications. She was taken to Corona Special Hospital, Ganda Read More...

Swab sample collected from communities

DHANGADHI, AUGUST 8 Swab samples have been collected to diagnose whether the virus has spread in the community level of the Sudurpaschim Province. The provincial government has started collecting swab samples from communities as the province is at a high risk of infection. Director at Sudur Read More...