Gold price sets new record of Rs. 59,900 per tola
The price of the gold, which has been continuously sky-rocketing since last couple of weeks, set new record of Rs. 59,900 per tola (11.644 gm) on Sunday in the domestic market.
The price of the precious yellow metal had settled at Rs. 59,000 per tola on Friday last week.
The gold was traded at Rs. 59,400 per tola on Monday up from Rs. 59,194 per tola on Sunday, last week.
Similarly, the price of the silver also increased to Rs. 1145 per tola on Sunday, the first trading day of this week.
The price of the gold has been increasing in the domestic market following the price adjustment in the international market.
According to Nepal Gold and Silver Dealers’ Association (NGSDA), as the investors are attracted towards gold as a safe and secure sector to make investment, the gold price has been increasing in the international market following economic crisis in Euro zone.