Gold price steady, silver down

Kathmandu, June 29

Gold price remained steady in the domestic market during the trading week between June 23 and 28. According to the Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), gold price had recently surged due to the trade tensions between the United States and China.

On Sunday, gold was traded at Rs 65,000 per tola and it remained constant on Monday.

However, on Tuesday it increased by Rs 500 a tola reaching a record high of Rs 65,500 per tola. On Wednesday, the price of the yellow metal went down by Rs 500 per tola to be traded at Rs 65,000 a tola. After that the price remained constant till Friday to close the week’s trading at Rs 65,000 per tola.

Even in the previous trading week gold price had closed at Rs 65,000 per tola.

Meanwhile, silver price declined in the review period.

As per FeNeGoSiDA, the grey metal was traded at Rs 740 per tola on Sunday and it remained constant till Tuesday. On Wednesday, silver price declined by five rupees a tola to settle at Rs 735 per tola. The price remained constant on Thursday.

Silver price again went down by five rupees per tola on Friday to close the week’s trading at Rs 730 a tola.

As compared to the previous week’s closing of Rs 740 a tola the price of silver dropped by Rs 10 a tola in the review week.