KATHMANDU, Oct 26: Gold and silver prices both set new global records one after another this week. Analysts attribute the increase in the prices of precious metals like gold and silver to the impacts of global conflicts and Russia's proposal for BRICS (Brazil, Russia, India, China and South Africa) countries to establish a separate metal exchange.
Gold prices in the domestic market of Nepal surged throughout the week. On Sunday, the price reached an all-time high of Rs 165,000 per tola (11.66 grams). By Monday, it climbed further to Rs 165,600 per tola, setting another record. On Tuesday, the price increased to Rs 165,900 per tola, and on Wednesday, it reached Rs 166,700 per tola, marking yet another peak. However, in the subsequent two days, prices experienced a slight decline, closing at Rs 166,000 per tola on Friday. This price is Rs 1,000 per tola higher compared to the opening price on Sunday.
Gold prices hit record high this week attributing to fluctuatio...
This week, the price of silver in the domestic market also set a record. On the first day of the week on Sunday, the price reached Rs 2,075 per tola. It continued to set records until the fourth day, with the price climbing to Rs 2,135 per tola on Wednesday. However, in the following two days, there was a slight decrease, with Friday's closing price at Rs 2,060 per tola.
