Gold Prices Reach All-time High in Nepali Market
KATHMANDU, May 20: The price of gold surged by Rs 900 per tola in the domestic market on Monday, reaching an all-time high.
Today, fine gold is trading at Rs 141,800 per tola, up from Rs 140,900 per tola the previous day. Similarly, the price of standard gold has risen to Rs 141,100 per tola, compared to Rs 140,200 per tola on Sunday.
Furthermore, the price of silver has also increased by Rs 30 per tola, with silver trading at Rs 1,940 per tola, up from Rs 1,910 per tola yesterday.
Insight: Factors Driving the Surge in Gold Prices
The surge in gold prices can be attributed to a variety of factors such as global economic uncertainty, geopolitical tensions, and a weaker local currency. Investors often turn to gold as a safe-haven asset during times of economic instability, which has likely contributed to the increase in demand and subsequently, the price of gold.
