Gold, silver prices drop

Kathmandu, July 4

Gold and silver prices further declined this week by Rs 400 and five rupees per tola, respectively, over the week, from June 28 to July 3. Bullion price has been declining since the previous week.

The market opened on Sunday with gold price fixed at Rs 51,400 per tola. Bullion price increased by Rs 300 per tola on Monday and was fixed at Rs 51,700 a tola. On Tuesday, gold price plunged by Rs 300 a tola to be fixed at 51,400 per tola and remained unchanged on Wednesday.

The price of the yellow metal again plunged by Rs 300 per tola on Thursday to be traded at Rs 51,100 a tola. Gold price dipped by another Rs 100 a tola on Friday to settle the week’s trading at Rs 51,000 per tola.

Likewise, price of silver also dropped by five rupees per tola in the six trading days of the week.

Silver was traded at Rs 690 per tola on Sunday — the first trading day of the week. Price of the white

metal remained the same on Monday.

With a marginal slump of five rupees per tola, silver was traded at Rs 685 a tola on Tuesday. Its price remain unchanged until Friday.