Although gold traders said that the gold trade has slowed down due to the downturn, the price has been skyrocketing.
According to the Federation of Gold and Silver Entrepreneurs of Nepal, the price of gold rose by Rs 500 per ounce on Wednesday. Gold was traded at Rs 91,200 per ounce on Tuesday. Gold reached Rs 91,700 per ounce on Wednesday.
According to the federation, the price of gold was set at Rs 91,265 per ounce and silver at Rs 960 per ounce on Wednesday.