The price of precious yellow metal broke yet another record today in the domestic market as it was traded for Rs 43,157 for a tola (11.664 grams).
The gold price touched Rs 43,100 in the domestic market on May 1 but moderated a little, however, the precious yellow metal started to look up once again after reaching the old record price of Rs 43,100 for a tola yesterday.
"Stong dollar has pushed the gold price up in the domestci market," said Nepal Gold and Silver Dealers Association president Tej Ratna Shakya.
On May 1, the sister metal silver also stood at Rs 1,350 the highest price so far. However, silver crossed Rs 1,100 for a tola from yesterday to be traded at Rs 1,107 per tola today.
The foreign exchange rate for US dollar also stood at Rs 72.05 today. The stron dollar has started pushing the prices of the precious metal upward in the domestic market since yesterday.
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