Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU : The price of gold in the Nepali market surged to an all-time high on Tuesday, reaching Rs 221,700 per tola, setting a new record in the country’s bullion trade.
According to bullion traders, the yellow metal rose by Rs 3,900 per tola in a single day, compared to Monday’s trading price of Rs 217,800 per tola. This sharp rise follows a steady upward trend fueled by global market volatility, a stronger US dollar, and increasing demand for safe-haven assets.
Similarly, silver prices also reached record levels, climbing to Rs 2,680 per tola on Tuesday from Rs 2,650 per tola on Monday.
The continuous rally in both gold and silver prices has triggered concerns in Nepal’s business and investment circles. Rising bullion costs are expected to impact jewelry businesses, import bills, and overall consumer spending.
Market experts link the surge to heightened global economic uncertainty, central bank buying, and geopolitical tensions, all of which are driving international investors toward precious metals.
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