Gold price has gone on to break records in the domestic market for six days in a row.
According to the Federation of Nepal Gold and Silver Dealers Association, the price of gold on Friday, September 27, has been fixed at Rs 161,200 per tola (11.66 grams), marking the highest-ever price set in Nepal’s market so far. It was traded at Rs 160,700 per tola the previous day.
Traders attribute the continuous rise in gold prices to the surge in price in the international market.
Business insiders explain that the rise in conflict in the Middle East and the Russia-Ukraine war, combined with the U.S. Federal Reserve's decision to cut interest rates by 0.5 percentage points, have weakened the dollar, driving up gold prices globally.
In contrast, silver prices remained stable today, holding at Rs 1,955 per tola.
