Gold price surges amid global market shifts
Summary
Gold price in Nepal sharply rose by Rs7,200 per tola to Rs 299,000 amid easing geopolitical tensions and declining crude oil prices, reflecting global market trends favoring safe-haven assets. Silver price also increased by Rs205 per tola to Rs5,025.
Key Points
- Gold price in Nepal surged by Rs7,200 per tola to Rs 299,000 on Wednesday.
- The price rise aligns with global market reactions to easing US, Israel, and Iran tensions.
- Decline in crude oil prices influenced the gold price surge internationally.
- Silver price in Nepal climbed by Rs205 per tola to Rs5,025, mirroring gold's trend.
