Gold price rises per tola today after four days of decline

According to the Nepal Gold and Silver Dealers' Association, the price of hallmark gold rose by Rs 1,700 per tola on Friday, the first increase after four consecutive days of decline.

Gold is trading today at Rs 290,100 per tola. On Sunday, gold had reached Rs 296,500 per tola. It then traded at Rs 294,400 on Monday, Rs 292,200 on Tuesday and Rs 289,500 on Wednesday. On Thursday, gold fell by Rs 1,100 to Rs 288,400 per tola.

Today's price is still Rs 6,400 per tola lower than Sunday's. The silver price also rose, by Rs 115 per tola. Silver, which stood at Rs 4,035 per tola on Thursday, is now at Rs 4,150.

According to the association, ten grams of hallmark gold is trading at about Rs 248,700 and ten grams of silver at about Rs 3,560. In the international market, gold is trading at around $4,172 an ounce and silver at around $57.