Kathmandu, Dec 26: The prices of gold and silver continued to rise in the local market over the past few days, driven largely by a stronger US dollar.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold climbed to Rs 269,000 per tola today, up from Rs 267,500 last Thursday.
Similarly, silver is being traded at Rs 4,585 per tola today, compared to Rs 4,400 per tola on Thursday. Prices of both precious metals reached record highs today.
Last Wednesday, gold was sold at Rs 268,100 per tola, while silver was traded at Rs 4,420 per tola. Market analysts attribute the sustained price rise to the strengthening of the US dollar.
In the international market today, gold is being traded at USD 4,500 per ounce, while silver stands at USD 75 per ounce, according to international news agencies. A tola is equivalent to 11.66 grammes, while an ounce weighs 31.1035 grammes. #nepal #gold
