KATHMANDU, AUGUST 5
The price of yellow metal and grey metal decreased in the trading week between July 30 and August 4.
In the domestic market, gold price decreased by Rs 700 per tola while the price of silver dropped by Rs 30 a tola during the review week. According to the rate list of the Federation of Nepal Gold and Silver Dealers' Association (FeNeGoSiDA), gold price was fixed at Rs 112,900 per tola when the market opened for trading on Sunday and went on to decrease by Rs 300 a tola on Monday.
The price of yellow metal increased by Rs 400 per tola on Tuesday before decreasing again by Rs 600 a tola to Rs 112,400 per tola on Wednesday. The price of yellow metal decreased by Rs 200 a tola on Thursday and remained unchanged on Friday to settle at Rs 112,200 a tola for the trading week.
Meanwhile, silver was traded at Rs 1,455 per tola on Sunday and it decreased by five rupees a tola on Monday to be traded at Rs 1,450 per tola.
On Tuesday, the price of the grey metal increased by Rs 25 a tola before decreasing by Rs 75 per tola on Wednesday. The price of silver went up by Rs 25 a tola on Thursday and remained unchanged on Friday to settle at Rs 1,425 per tola for the week.
According to the international news agencies, gold prices rose on Friday after a slightly weaker-than-expected US jobs report pushed the dollar and Treasury yields lower, offering some respite to bullion which was still on track for its worst week in six.
Following the data, the dollar fell 0.5 per cent against its rivals, making gold less expensive for other currency holders.
A version of this article appears in the print on August 6, 2023, of The Himalayan Times.
