Gold price inches up Rs 900 as silver loses Rs 45 per tola in a week
Summary
Gold prices in Nepal rose by Rs 900 per tola last week to Rs 295,700, while silver prices fell by Rs 45 per tola to Rs 4,405. Reuters said global gold movements were influenced by uncertainty over the US Federal Reserve’s interest-rate path and concerns about high US debt.
Key Points
- The price of gold in Nepal’s domestic market increased by Rs 900 per tola last week, reaching Rs 295,700.
- Silver fell by Rs 45 per tola over the same period, dropping to Rs 4,405.
- Reuters linked the rise in gold to uncertainty over the Federal Reserve’s interest-rate path and concerns about US debt.
