Kathmandu, Vaisakh 5
The price of gold in the Nepali market has once again set a new historic record. Breaking Wednesday’s record, on Thursday the price of pure stamped gold reached NPR 190,600 per tola. This is NPR 3,600 higher than Wednesday’s rate.
According to the Nepal Gold and Silver Traders Federation, stamped gold traded at NPR 187,000 per tola on Wednesday. This significant increase in gold price within a single day has sparked fresh excitement and discussion in the market.
Along with gold, silver prices also saw a slight rise. Silver traded at NPR 1,955 on Wednesday increased by NPR 5 to reach NPR 1,960 on Thursday.
The continuous surge in gold prices has raised inflation concerns among consumers. The cost of buying gold for weddings and festivals is becoming increasingly expensive, while investors are viewing this rise as an opportunity.
Why is the price of gold rising?
Analysts attribute the rise in Nepali gold prices to the increase in international gold prices. Factors such as fluctuations in the US dollar, geopolitical instability, and investors’ preference for safe-haven assets have driven up demand for gold.
Conclusion:
With gold prices continuously breaking new records, both consumers and traders need to be cautious. If the international trend continues, the price of gold in the Nepali market is expected to rise further in the coming days.
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