KATHMANDU, JUNE 3
The prices of yellow metal and silver increased in the trading week between May 28 and June 2. In the domestic market, gold price increased by Rs 5,200 per tola, while that of silver rose by Rs 70 a tola during the review week.
According to the rate list of Federation of Nepal Gold and Silver Dealers' Association (FeNeGoSi- DA), gold price was fixed at Rs 108,100 per tola when the market opened for trading on Sunday and remained unchanged the next day. Its price surged by Rs 2,400 a tola on Tuesday before rising further by Rs 1,500 per tola on Wednesday. On Thursday, gold price went up by Rs 500 a tola before increasing again by Rs 800 per tola on Friday.
Meanwhile, silver was traded at Rs 1,360 a tola on Sunday and its price remained unchanged on Monday. The price of the grey metal increased by Rs 15 per tola on Tuesday before increasing by Rs 20 a tola on Wednesday. The price of silver went up by Rs 15 per tola on Thursday and by Rs 20 a tola on Friday to rest at Rs 1,430 per tola for the week.
As per international news agencies, gold slipped on Friday as hotter-than-expected US jobs data lifted Treasury yields, but was on track for a weekly gain as a higher unemployment reading kept alive hopes the Fed would pause interest rate hikes. Bullion has gained 0.2 per cent so far this week, and is set to break a three-week losing streak. Traders priced in a 70 per cent chance that Fed policymakers will leave rates unchanged later this month.
A version of this article appears in the print on June 4, 2023, of The Himalayan Times.
