Gold is dearer by Rs 2,700 as silver slides Rs 15 per tola in a week
Summary
Gold became dearer by Rs 2,700 per tola in Nepal last week, rising to Rs 283,000 as market movements were shaped by oil prices and US payroll data. Silver fell by Rs 15 per tola over the same period.
Key Points
- The domestic price of gold rose by Rs 2,700 per tola last week, reaching Rs 283,000 from Rs 280,300.
- Gold prices fluctuated sharply during the week, with the biggest single-day gain of Rs 13,300 recorded on Thursday and the largest drop of Rs 8,300 on Sunday.
- Reuters said gold was influenced by oil-price swings, weaker US dollar and Treasury yields early in the week, and stronger-than-expected US payroll data later.
- Silver prices fell by Rs 15 per tola, slipping from Rs 3,825 to Rs 3,810.
