TH: Weak rupee, international market push gold price up
KATHMANDU: Gold in the domestic market closed Rs 385 per 10 gram higher to Rs 24,135 from last week’s closing of Rs 23,750.
The price hike in the international market and weak Nepali rupee have pushed the price of
precious yellow metal in the domestic market up, said the Nepal Gold and Silver Dealers’ Association (NEGOSIDA).
“The bullion in the international market closed $13 higher than last Friday,” it added. Similarly, US dollar appreciated vis-à-vis Indian currency with which Nepali rupee is pegged. Nepali rupee was exchanged at Rs 80 per dollar on Friday.
The precious yellow metal was traded at Rs 23,835 per 10 gram on Sunday, whereas it lost Rs 130 per 10 gram on Monday.
But remaining of the week, the price rallied to touch Rs 24,265 on Thursday but settled down to Rs 24,135 per 10 gram on Friday, the last day of the trading in the domestic bullion market.
According to the NEGOSIDA, silver also became expensive by Rs 2 per 10 gram to Rs 368 on Friday.
