The price of gold hit a new record of Rs 74,500 per tola (11.664 grams) in the domestic market today.
The price of precious yellow metal has increased by Rs 1,000 in a single day to set a new record, according to Federation of Nepal Gold and Silver Dealers' Association (Fenegosida). Gold was traded at Rs 73,500 yesterday.
There are more chances of gold price increasing in coming days, the association informed, adding that the price of gold will increase further to touch Rs 80,000 a tola due to conflict between Iran and America. “Likewise, fluctuations in Indian currency will also push the price of gold higher up.”
Earlier, the price of gold was recorded high on September 4 and December 1 at Rs 73,500 per tola.
The price of precious yellow metal has increased by Rs 1,000 in a single day to set a new record, according to Federation of Nepal Gold and Silver Dealers' Association (Fenegosida). Gold was traded at Rs 73,500 yesterday.
There are more chances of gold price increasing in coming days, the association informed, adding that the price of gold will increase further to touch Rs 80,000 a tola due to conflict between Iran and America. “Likewise, fluctuations in Indian currency will also push the price of gold higher up.”
Earlier, the price of gold was recorded high on September 4 and December 1 at Rs 73,500 per tola.
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