July 24: The price of gold has been increasing steadily in the market of Nepal. The price of gold increased by Rs 1300 per tola (11 grams approximately) on Friday to reach an all-time high.

According to the Nepal Gold and Silver Dealer’s Federation, gold is being traded at Rs 95,800 per tola as of Friday. On Thursday, the price of gold per tola was Rs 94,500, which too was Rs 500 more than the previous day.

Likewise, the price of silver also increased marginally on Friday. The price of silver was up by Rs 5 per tola. Silver is being traded for Rs 1150 per tola.

Investors are attracted toward gold due to the coronavirus pandemic. They are investing heavily on gold to secure their investment, thereby causing a sharp rise in the price of the precious yellow metal.