Gold prices have been in an upward trend in the domestic market for the last couple of weeks in line with the price in international market. The yellow metal became dearer by Rs 85 per 10 gram on Tuesday from Rs 27,605 recorded a day earlier. [break]
Though the domestic traders had argued that the prices would go down with improved imports, the price continued to rise in domestic market due to rise in gold prices in international market. Gold was selling for $1,106 to $1,115 per troy ounce in international market on Tuesday.
Traders had imported a total 131 kg of gold over the week through hand carry.
Tej Ratna Shakya, president of the association said, they were setting gold price Rs 500 higher than the normal pricing due to high import cost.
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