KATHMANDU, Nov 2
The price of gold in the Nepali market has fallen following a fall in that in international market, according to the Nepal Gold and Silver Dealers’ Association.
The price of the yellow metal fell by Rs 400 per tola (11.66 grams) within a week. It started at Rs 56,800 on Sunday and had risen to Rs 57,200 on Tuesday but dropped to Rs 56,400 on Friday.
The consumers did not get to buy enough gold although it became cheaper ahead of Tihar, according to the association. President of the association Manik Ratna Shakya said there was scarcity of gold in the market as import is fare lesser than the demand, and conceded that it was even traded at a higher price than that fixed by the association.
The commercial banks can import 20 kilograms of gold a day now while the gold traders claim that the daily demand of gold is 40 kilograms. source- karobardaily.com
