Gold soars Rs 3,100 per tola in a week, hits record Rs 200,600
Summary
Gold price in Nepal hit a record Rs 200,600 per tola after rising Rs 3,100 in a week, influenced by international market factors and US Federal Reserve policies.
Key Points
- Gold price in Nepal increased by Rs 3,100 per tola in the last week, reaching a record high of Rs 200,600 per tola.
- The price fluctuated by Rs 3,400 per tola during the review period, hitting a low of Rs 197,200 and a high of Rs 200,600.
- Factors affecting the price include the US Federal Reserve's interest rate reduction, weakening Indian currency against the US dollar, and gold reserve purchases by China, India, and Turkey.
- Silver price also increased by Rs 10 per tola, closing at Rs 2,360 per tola after hitting a low of Rs 2,345 during the week.
