Gold Price Sets New Record for Fourth Consecutive Day, Trading at NPR 165,000 Per Tola

The price of gold in Nepal has set a new record for the fourth consecutive day. According to the Nepal Gold and Silver Dealers' Association, the price of hallmark gold rose by NPR 600 on Sunday (Kartik 4), reaching NPR 165,000 per tola. On Friday, Kartik 2, gold was priced at NPR 164,400 per tola.

Global Conflicts: Analysts attribute the rise in gold prices to ongoing global conflicts, including Russia’s invasion of Ukraine, the Israel-Lebanon-Iran tensions, and the weakened economies of many countries worldwide.

US Election Uncertainty: Uncertainty surrounding the upcoming U.S. presidential election and its potential impact has driven investors toward gold, pushing prices even higher.

Interest Rate Policy: The interest rate policies adopted by central banks across the globe have also contributed to the increase in gold prices.

Impact of International Markets: The rise in international gold prices has directly influenced the Nepali market as well.

Meanwhile, the price of silver has also increased by NPR 95 per tola, reaching NPR 2,075, up from NPR 1,980 on Friday.

The continuous rise in gold prices has made investors more cautious, and this trend is expected to continue in the near future.