Gold price sees heavy increase of 10k, market partially opens today

KATHMANDU: The prices of gold and silver saw a drastic surge as Nepal's precious-metal market reopened today which had remained shut owing to the coronavirus outbreak.

Gold price jumped to Rs 87,400 per tola today, from Rs 77,000 before the lockdown, while silver price per tola jumped to Rs 925 from Rs 720.

Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), in a press statement released Saturday stated that with the changing modalities of lockdown, the gold-silver market would operate partially from Sunday.