Gold, silver prices tumble on Swiss referendum - Silver drops to five-year low of Rs 665 per tola KATHMANDU, Dec 1: Silver price came down to a five-year low of Rs 665 per tola (11.664 grams) in the domestic market on Monday, while gold slumped to three-week low of Rs 49,800 per tola. Silver and gold were traded in the domestic market at Rs 685 and Rs 50,300 per tola, respectively, on Sunday. The precious metals lost luster in the domestic market as their prices fell in the international market. According to the Federation of Nepal Gold and Silver Dealers Association, gold was traded at US$ 1,151 per troy ounce in the international market on Monday as against $ 1,167.94 per troy ounce on Sunday. Likewise, silver was traded at $14.91 per troy ounce on Monday compared to Sunday´s price of $15.60. Monday´s sliver price is the lowest since August 2009. Silver had dropped to four-year low of Rs 690 per tola on November 2 Traders have attributed sudden decline in gold and silver prices on Monday to a referendum in Switzerland where people overwhelmingly rejected the ...
Posted on: Tue, 02 Dec 2014 02:44:49 +0000
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