Gold price up, rupee appreciates marginally

Published On: July 9, 2016 01:30 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, July 9: Nepali rupee lost 1 paisa against US dollar this week as the Indian currency, with which rupee is pegged, lost value against the greenback. Price of gold, on the other hand, went up by Rs 90 per 10 grams over the week.

Nepal Rastra Bank (NRB), the central regulatory bank, opened currency trading on Sunday with value of dollar fixed at Rs 108.13. Rupee appreciated by 12 paisa to 108.01 against US dollar on Monday. Rupee continued its gaining streak on Tuesday as well, as its value increased by 15 paisa to 107.86 against the greenback. The local currency, however, lost 41 paisa to close at 108.27 against US dollar on Wednesday. Rupee rallied on Thursday, gaining 3 paisa to close the day at 108.25 against the dollar. On Friday, rupee gained another 10 paisa to close the week's trading at 108.14 on Friday.

Rupee gained 23 paisa against euro and a whopping Rs 3.52 against Pound Sterling over the week. On Friday, a euro exchanged at Rs 119.84 while Pound Sterling was valued Rs 140.35.    

Trading opened on Sunday with gold price fixed at Rs 50,410 per 10 grams. Price of gold increased by 90 per 10 grams on Monday to Rs 50,500.

Though gold price remained unchanged on Tuesday, the price increased by Rs 85 per 10 grams on Wednesday to Rs 50,585. The price remained unchanged on Thursday as well. However, gold price dropped by Rs 85 per 10 grams on Friday to close the week's trading at Rs 50,500.  

Price of silver went up by Rs 4.5 per 10 grams this week. On Friday, silver was traded at Rs 767 per 10 grams. 

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