Kathmandu, September 22

The price of gold and silver went up in the trading week between September 16 and 22.

According to a statement issued by the Federation of Nepal Gold and Silver Dealer’s Association (FeNeGoSiDA), gold price dipped towards the end of the week because of appreciation of the Indian currency against the US dollar. Nepali rupee is pegged with the Indian currency at the rate of 1:1.6.

According to FeNeGoSiDA, gold was traded at Rs 57,600 per tola on Sunday. On Monday, its price increased by Rs 400 a tola to Rs 58,000 per tola and was stable on Tuesday. On Wednesday, bullion price rose again by Rs 400 a tola to be traded at Rs 58,400 per tola and was unchanged on Thursday. On Friday, however, the price of the precious yellow metal dipped Rs 300 a tola to close the week at Rs 58,100 per tola.

Priced at Rs 710 a tola on Sunday, silver price went up by five rupees per tola to Rs 715 a tola on Monday. Its price was unchanged on Tuesday. On Wednesday and Thursday, its price went up by five rupees per tola each day to Rs 720 a tola and Rs 725 per tola, respectively. On Friday, the price of the grey metal dipped by five rupees a tola again to be traded Rs 720 per tola.