The price of gold is making new records day by day. At the same time, the price of both gold and silver has set a new record this week. On the last trading day of the week, the price of gold hit a new high on Friday. With the influence of the world market, the price of gold in the Nepali market set a record this week. On the first day of the week, the price of gold was set to Rs. 1,60,600. After that, the price of gold fell to Rs. 1,60,500 on the second day of the week and Rs. 1,60,000 on the third day. However, the price of gold started to rise from Wednesday. On that day, gold was quoted at Rs.1,60,800. The price of gold, which was bought and sold at Rs. 1,60,900 on Thursday, continued to rise and set a record high for the sixth day of this week.
On Friday, gold reached a high of Rs. 1,61,300. This price is 700 rupees higher than the first day of the week, Sunday, on the last trading day, Friday.
Record For Silver Price Too
This week, the price of silver in the Nepali market also set a record. On Sunday, the price of silver, which was Rs. 1,945 per day, decreased for two consecutive days and on Tuesday it fell to Rs. 1,925 per day. But again, the price of silver increased continuously for three days.
On Wednesday, the price of silver was increased by 10 rupees, on Thursday by 15 rupees and on Friday by 30 rupees. On Friday, the price of silver remained at Rs. 1,980 per day and set a record high. Thus, compared to the first day of the week, on the last trading day of the week, silver bullion has increased by 35 rupees.
Reason for gold price hike
Analysts say that the effects of the conflict seen in the international market and the impact on the American economy, which was recently announced, have helped to increase the price of precious commodities such as gold and silver.
According to public data on Friday morning, the US economy is strengthening and there is also an improvement in the employment situation.
On Friday, the price of gold in the world market increased by more than 6 dollars and reached 2,662 dollars.
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