Precious metals lose lustre
Kathmandu, December 12
Prices of both gold and silver declined by Rs 700 and Rs 10 per tola, respectively, from December 6 to 11.
The market opened on Sunday with gold price fixed at Rs 49,100 per tola. The price of yellow metal slipped by marginal Rs 100 a tola to be traded at Rs 49,000 on Monday. Bullion price again tumbled by Rs 400 per tola on Tuesday and was fixed at Rs 48,600 a tola.
Price of gold, however, edged up by Rs 200 on Wednesday to be traded at Rs 48,800 a tola and remained unchanged on Thursday. Its price again dropped by Rs 400 per tola on Friday to settle the week’s trading at Rs 48,400 a tola.
Likewise, silver slumped by Rs 10 per tola in the six trading days. The market opened on Sunday with silver price fixed at Rs 685 per tola, and remained same on Monday. Its price fell by Rs 10 on Tuesday to be fixed at Rs 675 per tola and remained unchanged till Friday.