Gold’s rally continues as investors seek safe haven amid global uncertainties
Summary
Gold prices in Nepal reached a new high of Rs269,300 per tola amid global uncertainties, with experts predicting a further rise due to geopolitical tensions and US rate cuts. Increased gold imports and a shift towards gold as a safe-haven asset mark the trend.
Key Points
- Nepal’s gold price surged to Rs269,300 per tola, reaching a new high in the local market.
- Gold prices are expected to cross Rs300,000 per tola by early 2026 due to global geopolitical tensions and US rate cuts.
- Gold imports in Nepal increased sharply by 444.64% in the first five months of the fiscal year.
- Investors are turning to gold as a safe haven amid political uncertainty and poor performance in share and real estate markets.
