Gold price goes Rs 1,100 up per tola

KATHMANDU: The price of yellow precious metal has increased by Rs 1,100 per tola in the local market today, according to the Nepal Gold and Silver Dealers’ Association. The price of gold is fluctuating in the recent days though the price has substantially decreased compared to previous months.

The gold is being traded at Rs 50,400 per tola today. The hallmark gold price was traded at Rs 49,300 yesterday.

However, share analysts and economists have said that the bullion price should go further down due to strong US Dollar and job confidence in the US market coupled with price lower bullion price in the international market.