Gold and silver prices rose on Friday
By Rabindra Dhungel, 25 september 2020. Gold and silver prices rose on Friday. The price of gold, which has been declining day by day, has risen by Rs 800 today. According to the Federation of Nepali Gold and Silver Entrepreneurs, gold is being traded at Rs 93,900 while gold bullion is being traded at Rs 93,400. The price of gold, which had declined by Rs 1,700 per tola on Tuesday, had also declined by Rs 1,200 on Wednesday. On Thursday, the price of gold had dropped by Rs 1,200.
In three days, the price of gold had dropped by 4100 tola. Chhapawala gold was traded at Rs 93,100 on Thursday, while Tejavi gold was traded at Rs 92,600. On Wednesday, Chhapawala gold was traded at Rs 94,300 and acid gold at Rs 93,800. A thousand rupees was prescribed. Gold prices remained stable on Sunday. The price of silver had declined. On Monday, the price had gone up by Rs 200. It had traded at 97,200 per ounce on Monday.
Today, the price of silver has also increased by Rs 40 per ounce. Silver, which was traded at Rs 1,120 per ounce on Thursday, is set at Rs 1,160 today. It had stood at Rs 1,190 on Wednesday. It was Rs 1,220 on Tuesday. Silver traded at Rs 1,315 on Sunday. It was traded on Monday 1320. Gold and silver traders say that the fall in gold price in the international market has had a direct impact on Nepal.
According to the businessman, the price of gold has gone up and down as the possibility of developing vaccines against the global epidemic coronavirus has increased and most of the countries have started trading.