Monday, 30 May 2011
Nepal: Gold price soars to Rs. 37,125 per 10 gm to set new record high
Following the rise in price of gold in the international market, the price has also increased by Rs. 125 per 10 gm in the domestic bullion market to break the previous record of Rs. 37,000 per 10 gm on Thursday last week.
The price of the yellow metal has increased to US$ 1,536 per ounce in the international market on Sunday.
According to the Nepal Gold and Silver Dealers' Association (NGSDA), strong dollar and rise in oil prices in the international market has contributed to the rise in the price of the precious metal in the domestic market.
Though the price of gold witnessed slight fluctuation last Friday to settle Rs. 36,950, it soared up by Rs. 175 per 10 gm on Sunday this week.
Source: http://www.nepalnews.com/archive/2011/may/may30/news10.php
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