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Gold price slides further

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KATHMANDU, June 18: Gold lost luster for the second straight day on Monday as the price of yellow metal went down by Rs 100 per tola (11.664 grams) compared to Sunday.



Gold was traded at Rs 57,100 per tola. [break]



"We adjusted the price in line with prices of the yellow metal in the international bullion market. Besides, gold price went down also because Indian currency, with which Nepali currency is pegged, slightly gained value against US dollar," said Tej Ratna Shakya, president of Nepal Gold and Silver Dealers Association (Negosida). Gold had soared to an all time high of 57,250 per tola on Thursday.



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