Gold price soars to record Rs 258,000 per tola in domestic market

Summary

Gold price in Nepal surged to a record Rs 258,000 per tola, up Rs 7,100 in a day amid global economic uncertainty. Silver also rose to Rs 3,350 per tola, gaining Rs 395 this week.

Key Points
  • Gold price in Nepal reached a record high of Rs 258,000 per tola, up Rs 7,100 in one day.
  • Weekly gold price gain was Rs 20,000 per tola according to the Federation of Nepal Gold and Silver Dealers' Association.
  • Silver price also increased by Rs 75 per tola to Rs 3,350, rising Rs 395 in the week.
  • Investors view gold as a safe haven amid inflation and currency volatility, while retail demand has slowed.
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