The price of gold reached an all-time high in the domestic market on Wednesday, continuing its upward trend.

According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold is being traded at Rs 176,000 per tola (11.66 grams). This marks an increase of Rs 800 per tola compared to the previous trading day.

Prior to this, the price of gold had increased by Rs 4,000 las Friday, March 14, to reach a record high of Rs 174,500 per tola (11.66 grams) followed by a record high price  Rs 175,200 per tola (11.66 grams) on Tuesday, March 18,

Dharmasundar Bajracharya, the first vice president of the Federation of Nepal Gold and Silver Dealers Association, attributed this rise to external factors, notably the appreciation of the US dollar and international political developments. He noted that the local market's peak aligns with global market trends.

"The price has increased due to the appreciation of the US dollar, international political developments, etc. The local market has reached its highest price ever after making adjustment to the price in the international market," he told RSS.

In the international market, gold has been priced at $3,035 per ounce on Wednesday, up from US$ 2,982 per ounce last week. Notably, gold had previously reached a record high of US$ 2,956.15 on February 24, 2025, driven by trade concerns and tariff uncertainties, Reuters reported.

Meanwhile, the price of silver has dropped by Rs 5 per tola, bringing it down to Rs 2,045 per tola compared to Tuesday’s rate. -- With inputs from RSS