Dealers say the price of gold in the domestic market is higher as compared to international market due to price volatility in the international market. [break]
Gold trading began at $1,680 per troy ounce in the international market on Tuesday. The price was hovering over $1,660 per troy ounce in the afternoon.
Tej Ratna Shakya, president of Nepal Gold and Silver Dealers´ Association (Negosida), said gold price is fluctuating in the international market mainly due to the ineffective implementation of $1.5 trillion relief package introduced by the US government.
“Gold and dollar are fluctuating due to ineffective implementation of US relief package. Price volatility in international market is creating a big trouble for gold dealers,” Shakya added.
Price of silver, however, remained stable at Rs 1,120 per tola.
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