Gold price rings ‘historic’ all time high; set at record 101400/tola on Wednesday

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KATHMANDU: Amid the surge in coronavirus transmission, the price of gold has hit a historic high of Rs 101,400 per tola, on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the new price of fine gold today is set at Rs 101,400 per tola with an increase of Rs 1,600.

Similarly, the price of tejabi gold is set at Rs 100,900 per tola and that of silver is set at Rs 1,295 per tola.

According to Reuters, in the international bullion market, spot gold rose in early trade and touched a fresh record of $2,025.76 per ounce. Prices are said to have soared 33% so far this year.

The stimulus expectations on Tuesday is supposed to have sent gold prices above the key $2,000 mark for the first time in history and lifted crude oil futures to their highest since March.

The post Gold price rings ‘historic’ all time high; set at record 101400/tola on Wednesday appeared first on The Himalayan Times.

Written by Kriti Joshi
This news first appeared on https://thehimalayantimes.com/business/gold-price-rings-historic-all-time-high-set-at-record-101400-tola-on-wednesday/ under the title “Gold price rings ‘historic’ all time high; set at record 101400/tola on Wednesday”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.