Gold price declines slightly

The price fluctuation of gold in the international market led to the decrease in its price in the domestic market last week.

The price of gold was $ 1,113 per ounce on Friday, while its price stood at $ 1,334 on Sunday, according to Gold and Silver Dealers Association (NEGOSIDA).

The price of gold had increased earlier due to increase on its price in the international market. The price of gold closed at $ 1,133 per ounce on Friday last week.

In the domestic market, gold was sold at Rs. 28,080 per 10 grams, Rs. 28,080 per 10 grams, Rs. 27,950, Rs. 27,950, Rs. 27,695 and Rs. 27,780 on Sunday, Monday, Tuesday, Wednesday, Thursday and Friday, respectively.

The price of the yellow metal is expected to go down after the decision on the part of the government to allow the import of gold.

The demand for gold in the domestic market is currently only around 10 kgs per day. nepalnews.com