Gold Prices Surge in Nepali Market
KATHMANDU, April 12: The price of gold has increased by Rs 2,400 per tola in the domestic market on Friday. The current rate for fine gold has reached a record-breaking Rs 139,000 per tola, up from Rs 136,600 per tola on Thursday.
Similarly, standard gold is being traded at Rs 138,350 per tola with an increase from Rs 135,950 per tola on the previous day.
Additionally, the price of silver has also seen a rise of Rs 50 per tola, reaching Rs 1,750 per tola today.
Factors Influencing Gold Prices
The surge in gold prices can be attributed to various factors such as global economic uncertainty, geopolitical tensions, and the depreciation of the local currency. Investors often flock to gold as a safe-haven asset during times of instability, leading to an increase in its demand and subsequently, its price.
