KATHMANDU, Oct 5: The prices of both gold and silver have set new records this week. On the last trading day of the week, Friday, the prices reached new heights. Analysts say that the rise in prices of precious metals like gold and silver has been supported by the impact of the conflict seen in the international market, as well as the recently released data on the US economy. According to the data released on Friday morning, the US economy is strong, and there has also been improvement in employment conditions.
In the Nepali market, the price of gold also set a record this week. On the first day of the week, Sunday, the price of gold was Rs 160,600 per tola. The price slightly decreased on the second and third days of the week, but started rising again on the fourth day, Wednesday. By the sixth day of the week, Friday, it reached a record high of Rs 161,300 per tola. This price is Rs 700 higher per tola compared to the first day of the week.
Tourists' arrival up at Kanchenjunga base camp
This week, the price of silver in the Nepali market also set a record. On the first day of the week, Sunday, the price was Rs 1,945 per tola, and by the last trading day of the week, Friday, it reached a record high of Rs 1,980 per tola.
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