Gold price soars up in Nepal too

KATHMANDU: Gold prices went up in Nepal on Tuesday following the global trend. The increase comes as the nation prepares for the upcoming national festivals.

Nepal Gold and Silver Dealers’ Association (NEGOSIDA) announced that the prices were increased by Rs 1,000 per tola (11.664 grams) in the domestic market.

With the revised pricing,  one tola of hallmark gold will now cost Rs 59,900 per tola today. Similarly price of silver also increased by Rs 15 and reached Rs 1,049 per tola today.

Taking it into consideration the increasing demand for the yellow metal, Nepal Rastra Bank is mulling to increase the gold import quota to 20 kilogram per day.