Gold and Silver Prices Reach Record Highs in Nepal

Kathmandu, — Prices of gold and silver in Nepal have continued to surge over the past several days, setting new records. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has been fixed at Rs 268,100 per tola (11.66 grams) today, while silver is priced at Rs 4,420 per tola, marking the highest levels recorded for both metals.

On Sunday, gold was priced at Rs 258,300 per tola and silver at Rs 4,105 per tola. Prices rose on Monday to Rs 261,700 and Rs 4,235 per tola, respectively, and climbed further on Tuesday to Rs 267,200 for gold and Rs 4,255 for silver.

Market analysts attribute the continuous rise in precious metal prices to the strengthening of the US dollar. On the international market, gold is trading at USD 4,525 per ounce, while silver is priced at USD 73 per ounce.

The trend has raised concerns among investors and traders, who are closely monitoring the market for potential fluctuations amid global economic uncertainties.