Kathmandu, April 8
The price of yellow metal and silver increased in the trading week between April 2 and 7.
In the domestic market, gold price surged by Rs 1,400 per tola, while silver prices rose by Rs 30 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 108,600 per tola when the market opened for trading on Sunday. Its price decreased by Rs 600 a tola on Monday. On Tuesday, gold price soared by Rs 1,000 per tola and increased again by Rs 2,000 per tola on Wednesday to be traded at an all-time high of Rs 111,000 a tola. Gold price dropped by Rs 800 per tola before decreasing by Rs 200 a tola on Friday to close the trading week at Rs 110,000 per tola.
Meanwhile, silver was traded at Rs 1,410 a tola on Sunday and its price decreased by Rs 20 per tola on Monday. The price of the grey metal went up by Rs 10 a tola on Tuesday and increased again by Rs 40 per tola on Wednesday. Silver price decreased by five rupees a tola on Thursday. Its price rose again by five rupees per tola on Friday to rest at Rs 1,440 a tola for the week.
According to international news agencies, gold prices pared some gains on Thursday ahead of a key US jobs report, but bullion was still on track for a weekly rise as weak US economic data spurred worries of a slowdown.
Safe-haven bullion has risen more than two per cent so far this week, surpassing the key $2,000 level, as oil prices surged after the shock OPEC+ output cuts, while data showed a slower US services sector and fewer job openings.
A version of this article appears in the print on April 9, 2023, of The Himalayan Times.
