The price of gold has hit an all-time high, breaking its previous record on March 10 in Kathmandu. According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of fine gold has surged by Rs 2,600 per tola, reaching Rs 127,800 per tola on Thursday, up from Rs 125,200 per tola the day before. Similarly, standard gold has also seen an increase, reaching Rs 127,200 per tola on Thursday, compared to Rs 124,600 per tola on the previous day.
The rise in gold prices can be attributed to various factors, including economic uncertainties, geopolitical tensions, and the weakening of the Nepali currency. Investors often turn to gold as a safe-haven investment during times of turmoil, driving up its demand and price.
Not only gold, but the price of silver has also seen an increase, trading at Rs 1,555 per tola on Thursday, up from Rs 1,520 per tola the day before. The surge in precious metal prices reflects the overall volatility in the global economy and financial markets. Investors and consumers alike may need to adapt their financial strategies and budgets to account for the rising prices of precious metals.
