KATHMANDU, OCTOBER 14
The price of yellow metal and grey metal increased in the trading week between October 8 and 13.
In the domestic market, gold price increased by Rs 2,500 per tola, while silver price rose by Rs 15 a tola during the review week.
According to the rate list of Federation of Nepal Gold and Silver Dealers' Association (FeNeGoSiDA), gold price was fixed at Rs 107,600 per tola when the market opened for trading on Sunday and it surged by Rs 1,000 per tola on Monday.
Gold price increased by Rs 300 a tola on Tuesday before decreasing by Rs 100 per tola to Rs 108,800 a tola on Wednesday. The price of yellow metal increased by Rs 700 per tola on Thursday before increasing by Rs 600 a tola on Friday to close the trading week at Rs 110,100 per tola.
Meanwhile, silver was traded at Rs 1,330 a tola on Sunday and increased by Rs 15 per tola on Monday to Rs 1,345 a tola. The price of the grey metal decreased by five rupees per tola on Tuesday and remained unchanged on Wednesday. The price of silver increased by Rs 10 a tola on Thursday to be traded at Rs 1,350 per tola before decreasing by five rupees a tola on Friday to settle at Rs 1,345 per tola for the week.
As per the federation, the price of gold has increased in the world market this week. Analysts argued that due to the impact of the heated conflict in the international arena, investors were attracted to gold as safe investment, and thus the demand for gold went up, thereby resulting in its price surge. Analysts estimate that the price of crude oil fluctuated due to the conflict and its effect may also affect the price of gold.
A version of this article appears in the print on October 15, 2023, of The Himalayan Times
