he price of gold has increased in the domestic market following the increase in its price in the international market last week.
The gold price once again crossed the Rs. 40,000 bench mark per tola (11.664 gm) in the domestic market last week.
According to Nepal Gold and Silver Dealers' Association (NGSDA), the price of gold has been fluctuating in the international market due to the political instability in the Middle East and effort to control currency in China.
The price of the gold has increased to stand at US$ 1,411 per ounce on Friday from US$ 1,388 per ounce on Sunday last week.
Following the price hike in the international market, the price in the domestic market has also surged by Rs. 515 per 10gm on Friday compared to the price of Sunday last week.
The price of the precious metal had increased to stand at Rs. 34,465 per 10 gm on Friday from Rs. 33,950 per 10 gm on Sunday last week.
Similarly, the precious metal's price stood at Rs. 34,035, Rs. 34,230, Rs. 34,165, Rs. 34,465 per 10 gm on Monday, Tuesday, Wednesday and Thursday respectively.
Likewise, the silver price also reached Rs. 793 per 10 gm on Friday from Rs. 776 per 10 gm on Sunday last week. nepalnews.com
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