The price of the precious yellow metal has slightly declined in the domestic market last week following sudden increase in the supply of gold from Japan.
The price has declined by Rs. 170 to stand at Rs. 34,295 per 10 gm on Friday from Rs. 34,465 per 10 gm on Sunday last week.
The highest price of the gold during the week stood at Rs. 34640 per 10 gm on Monday, according to the Nepal Gold and Silver Dealers' Association (NGSDA).
According to the association, the price of the gold is in declining trend in the domestic market following the price decrease in the international market.
The price has decreased in the international market following the increase in the supply of the precious metal from Japan as it has been hit hard by the natural disaster recently, according to association.
In the previous weeks, the price of the precious metal was in increasing trend due to the political disorder in the Middle-East which has also contributed the highest record of Rs. 34,890 per 10 gm on March 7, according to the association.
The gold price has also declined to US$ 1,409 per ounce on Friday from US$ 1,417 per ounce on Sunday in the international marker.
The gold was traded at Rs. 3,4465 per 10 gm, 3,4210 per 10 gm, and 3,4125 per 10 gm on Tuesday, Wednesday, and Thursday respectively.
Similarly, the price of silver has also declined to Rs. 844.50 per 10 gm on Friday from Rs. 864 per 10 gm on Sunday in the domestic market.
Silver was traded at Rs. 868 per 10 gm, Rs. 854 per 10 gm, Rs. 844 per 10 gm, and Rs. 840 per 10 gm on Monday, Tuesday, Wednesday, and Thursday respectively. nepalnews.com
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