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The price of gold reached to a record high of Rs. 26,665 per 10 gm (Rs. 31,100 per tola) on Thursday. The price had risen for three consecutive days beginning Monday.

Tej Ratna Shakya, president of the Nepal Gold and Silver Dealers Association (NEGOSIDA), ascribed the price rise of gold in domestic market to soaring demand of the same in international market after India bought 200 tons of gold from the International Monetary Fund (IMF) on Nov. 2, 2009.

High speculations, diversion of share traders into the gold market after the fall in the stock market, devaluation of the dollar and the Indian rupee and high demand in the international market are said to be the major reasons that resulted in global hike of gold price. nepalnews.com

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Sanjeeb Sangroula  - Dr   |81.106.96.xxx |2009-11-07 20:55:24 Nepal ko market is so speculative , where are the government rules and regulations . who cares   |113.199.164.xxx |2009-11-06 09:45:25 somebody have started to eat gold or what! is not gold suppose to keep going down as the quany of gold on the earth (after mining) go up. really, how much gold is used(in to way to be waisted) daily and how much is produced. why are investors invest on high priced gold.... the bubble will surely bust? nepal should approach those investors to invest in hydro rather than in gold. make such a policy that they can use hydro plant as a collateral. promote hydro as clean energy, way to reduce oil price ..... lnpaudel  - recession exactly   |113.199.174.xxx |2009-11-06 05:40:24 in nepal alwayase existed a recession because no employment no industry ,no export.no production hiking prices of general necessacities.the price of gold was at its pic point now it crossed the pick to.as recent report says 60%nepali earning less then 1£per day how could they purchase 1tola 10 grammes at atime .this news of high price gold has no value in nepales society.let the corrupted aculator should store more and more gold so that they may be new nabab.richest man of the poorest country Powered by !JoomlaComment 3.26

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