Gold price surges by Rs 800

Kathmandu, Nov 4: The hallmark gold price surged by Rs 800 per tola (11.66 grams) as compared to last week in the Nepali market.

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Nepal Gold and Silver Dealers Association Chairman, Mani Ratna Shakya, said the gold price hiked due to the increase in the price of the yellow metal in the international market. The gold which was transacted at 56,700 per tola last Friday was transacted for Rs 57,500 per tola today. The worked gold which was transacted for Rs 56,450 per tola last week was transacted at Rs 57,250 per tola today. Likewise, the silver price shot up by Rs 30 per tola as compared to last week and to be sold at Rs 840 per tola. The normal gold transaction of 10 kilos per day also jumped to 30 kilos per day during the Tihar festival.

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