The yellow metal was sold at Rs 30,435 per 10 grams on Tuesday. [break]
Gold dealers have attributed the rise in prices to weakening Indian currency (IC) against US dollar.
“Strengthening greenback against IC -- with which Nepali rupee is pegged -- contributed in the rise in the prices of yellow metal in the international bullion market. The impact of international prices has been seen in the domestic market as well,” Tej Ratna Shakya, president of Nepal Gold and Silver Dealers Association (Negosida), told myrepublica.com on Wednesday.
Shakya also said financial crisis in Greece and heightening tension in the Korean peninsula also contributed to the rise in gold prices in the international market.
Gold price was hovering around $1,225 per troy ounce in international market on Wednesday.
Silver was sold for Rs 477.50 per 10 gram in the domestic market on Wednesday.
Soaring price of gold in this peak wedding season - during which gold transaction increases remarkably - has repelled customers, Shakya said. “This had dragged down the sale volume in the market,” he added.
Gold sales could not go beyond 10 kg in the capital on Wednesday as the customers refrained from buying the precious metal which is becoming dearer day by day, Shakya said.
Around 25 kg of gold was sold in the domestic market on Tuesday, according to Negosida.
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