Kathmandu, February 20

Gold price remained stable, while silver prices dipped by five rupees per tola, over the week — from February 14 to 19.

Gold price remained stable this week after recording regular gain for four weeks. It had started to rally in the international market since the beginning of 2016.

“Gold has gained more than 16 per cent since the start of the year, reinforcing its safe-haven appeal amid financial market volatility and weak economic data around the globe and making it one of the best-performing assets of 2016,” The Wall Street Journal reported on Friday.

The prices of the precious metals in the domestic market are governed by the rates set in the international market.

The market opened on Sunday with gold price fixed at Rs 55,500 per tola. The price of gold dipped marginally by Rs 100 per tola to be traded at Rs 55,400 a tola on Monday. Gold price again plunged by Rs 800 a tola on Tuesday and was fixed at Rs 54,600 a tola. On Wednesday, price of gold surged by Rs 400 a tola to be traded at Rs 55,000 per tola and remained same on Thursday.

Bullion price again gained Rs 500 per tola and was traded at Rs 55,500 a tola on Friday — the same price as on Sunday.

Meanwhile, price of silver dipped by five rupees a tola in the six trading days of the week.

The market opened on Sunday with silver price fixed at Rs 745 per tola. The price of silver dropped by five rupees a tola on Monday to be traded at Rs 740 a tola. Silver price again dropped by Rs 10 per tola on Tuesday and was fixed at Rs 730 per tola.

Silver price, however, edged up by five rupees per tola to be traded at Rs 735 a tola on Wednesday. Silver price again increased by five rupees a tola and closed the week at Rs 740 a tola on Friday.