The precious yellow metal was traded at Rs 60, 200 per tola in the domestic market on Wednesday, when its international price had hovered at around $ 1,692 per troy ounce. On Thursday, its international price had rose by $ 4 per troy ounce.[break]
Officials of Nepal Gold and Silver Dealers Association (Negosida) that fix the prices of gold in the local market attributed the rise to international price rally.
“We were forced to revise the gold price upward as the price of yellow metal rose in the international bullion market and rupee also weakened against the dollar,” Diyesh Ratna Shakya, secretary of of Negosida, told Republica.
On Thursday, Nepali rupee had shed about 55 paisa against a dollar compared to the previous day.
"This added to our import cost," Shakya added.
The price of silver also went increased by Rs 8 per tola in the domestic market on Thursday. Silver was traded at Rs 1,172 per tola on the day.
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