KATHMANDU, Feb 14: The price of gold in the domestic market increased Rs 8,300 per tola (11.6638 grams) amid an ease in geopolitical tensions and appointment of new governor for Federal Reserve of the USA.
According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the market price of gold increased to Rs 303,500 from Rs 295,200 per tola when the market closed the previous week. On Sunday, the market started the weekday trading with a gain of 5,300.
Gold price rises by Rs 500 per tola, reaches all-time high of R...
On Monday, it inclined Rs 4,100 followed by an addition of Rs 900 and Rs 1,100 on the consecutive two days. On Thursday, the price of precious yellow metal slipped Rs 100, while it fell Rs 3,000 per tola on Friday to close for the week.
Along with gold, the price of silver also increased by Rs 290 per tola in Nepali market. In the review period, the price inclined to Rs 5,000 from Rs 4,710.
According to the FENEGOSIDA, the prices of precious metals in the review period were influenced by appointment of Kevin Warsh as US Federal Reserve chair, profit booking by investors from capital gains of previous week and a slow down in the tension of global geo-politics.
