Gold prices in Nepal soared to a new high on Monday, April 21, extending a rally driven by escalating global uncertainties.

According to the Federation of Nepal Gold and Silver Dealers' Association, the price of fine gold climbed to Rs 191,000 per tola (11.66 grams), up from Rs 189,800 on Sunday.

The recent surge in bullion prices is largely attributed to mounting global market tensions—particularly the ongoing US-China tariff war—which has continued to push investors toward safe-haven assets like gold.

This latest spike builds on a dramatic Rs 5,700 rise on April 10, which took gold to Rs 181,100 per tola. Prices continued their upward trend, reaching Rs 185,000 on April 11 and Rs 186,000 on April 13. Although prices dipped slightly last Tuesday, they quickly rebounded, touching Rs 190,600 last Thursday before hitting the current record.

Gold and silver rates in Nepal are set daily by the Federation based on international market movements.

In the global market, gold was trading at $3,315 per ounce, according to state-owned news agency RSS.

The silver price in the domestic market remained steady at Rs 1,960 per tola.