Gold price drops

Last Updated : 2010-07-20 11:24 PM
The Himalayan Times - Himalayan News Service

KATHMANDU: International price has pulled the gold price to Rs 30,000 per 10 gram today in the domestic market.
The precious yellow metal is being traded at around $1,183 per ounce in the international market today.

The price is nearing the lowest level that the domestic market saw some two months back. It touched the lowest price of Rs 29,625 per 10 gram on May 24 in the domestic market.

However, traders think that the bullish trend of gold has not yet ended and any time soon the price might start looking up as gold has broken its previous record as it was traded at Rs 31,035 per 10 gram on June 27.

“The reason behind a fall in the gold price is Euro getting stronger,â€