KATHMANUD – In a notable shift, the price of gold in the Nepali market has surged by Rs 600, reaching Rs 165,600 per tola.
Just the day before, it was trading at Rs 165,000. Additionally, silver has also set a new record, with the price per tola hitting Rs 2,095, up from Rs 2,075 the previous day.
According to the Nepal Gold and Silver Traders Federation, this marks the highest price for silver to date. According to the Federation, these price increases are a direct response to soaring international market prices.
Two primary factors have driven up the price of gold: the ongoing conflict in the Middle East and the uncertainty surrounding the upcoming American elections.
