Gold soars past Rs300,000 per tola
Summary
Gold prices in Nepal have surpassed Rs300,000 per tola for the first time amid global economic and geopolitical uncertainties, with demand remaining strong despite record highs. Silver prices have also surged sharply due to market shortages.
Key Points
- Gold prices in Nepal crossed Rs300,000 per tola, reaching Rs301,400 on the last trading day of the week.
- International and domestic factors such as global tensions, US policy uncertainty, and currency market volatility are driving gold's price surge.
- Nepal's gold imports increased by 137.52% in the second quarter of the fiscal year due to strong demand.
- Silver prices also rose sharply, with imports up 362.32%, fueled by global supply tightness and investment demand.
