Kathmandu, January 17:

Taking a cue from the international market, this week gold in the domestic market closed Rs 420 lower per 10 gram to drop to Rs 21,100 from the opening price of Rs 21,520 on Sunday.

Gold was traded at Rs 21,520 per 10 gram in the domestic market on Sunday. Monday witnessed a climb of Rs 130 to Rs 21,650 per 10 gram. However, a sharp decline of Rs 390 was noted in the price on Tuesday as gold was traded at Rs 21,260.

On Wednesday, it further decreased to Rs 21,220 while on Thursday the price came down to Rs 21,005 per 10 gram — the lowest this week.

However, gold closed in the domestic market at Rs 21,100 — an increase of Rs 95 per 10 gram. The global market experienced fluctuations in the price of the precious yellow metal due to the global financial crisis, said Nepal Gold and Silver Dealers’ Association.

According to NEGOSIDA, in the international market gold priced at $819 per ounce this week which was $852 per ounce last Friday.

This week gold rose to $854 per ounce but later fell to $819 per ounce on Friday.

However, on Saturday, the last day of trading in the international market, it crossed $843 per ounce.

Meanwhile, silver opened at Rs 303 per 10 gram on Sunday. The price remained constant on Monday at Rs 303. On Tuesday, it decreased by Rs 3 to Rs 300. On Wednesday, it further dropped by Rs 2 per 10 gram to Rs 298.

Silver was traded at Rs 296 on Thursday and closed at the same price on Friday, the last day of trading in the domestic market.