Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The world of finance is buzzing today as gold has done something many thought was impossible just a few years ago.
For the first time in history, the price of gold has surged past the $5,000 per ounce mark in the international market. This massive jump is part of a daily trend that has seen the precious metal becoming more expensive almost every single morning.
You might be wondering why this is happening so fast. The biggest reason is uncertainty. Right now, the world feels a bit shaky.
Recent headlines about trade wars, new tariffs on countries like Canada and China, and even strange diplomatic disputes over places like Greenland have made investors nervous.
When people are worried that the stock market might crash or that major currencies like the US dollar might lose value, they run to gold. It is seen as a “safe haven”—a reliable place to keep money when everything else feels risky.
Another major factor is what central banks are doing behind the scenes. Countries like China, India, and Brazil are buying up huge amounts of gold.
They want to rely less on the US dollar and more on something physical that they can hold in their vaults. Because these big players are buying so much at once, the demand is staying high, pushing the price up day after day.
On top of that, we are looking at interest rates and inflation. Many experts believe that the US Federal Reserve will cut interest rates soon. When interest rates are low, keeping money in a bank account doesn’t earn much, so people find gold more attractive.
Additionally, as the cost of living keeps rising globally, gold acts as a shield against inflation, helping people protect the value of their savings.
In places like Nepal and India, this global surge is hitting home hard. In the local markets, gold prices have already crossed record-breaking milestones, such as Rs. 309,000 per tola, making it a tough time for jewelry buyers but a golden era for investors.
As long as the global political and economic situation remains unpredictable, experts believe this daily climb might not slow down anytime soon.
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
