Gold price increases by Rs 1,600 per tola on Sunday

KATHMANDU:  The price of gold has increased by Rs 1,600 per tola (11.66 grams) to reach Rs 155,700 in the domestic market today.

The rise is warranted following the increase in its price in the international market.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold in the international market has been set at USD 2,704 per ounce today.  On Friday, the last day of the week in the domestic market, the international price of gold was USD 2,681 US per ounce.

Similarly, the price of silver today increased by Rs 15 per tola to trade at Rs 1,860.