Gold prices in Nepal soared to an all-time high on Friday, April 11, with fine gold being traded at Rs 185,000 per tola (11.66 grams), according to the Federation of Nepal Gold and Silver Dealers Association. This marks a sharp increase of Rs 3,900 from the previous day’s price of Rs 181,100 per tola. On Thursday, gold had surged by Rs 5,700.

Analysts attribute the rally to escalating trade tensions between China and the United States, which have intensified global economic uncertainties and driven investors toward safe-haven assets like gold.

Globally, gold prices broke a major threshold, with spot gold rising over 1% to $3,214.92 an ounce as of 08:01 GMT, after reaching a record high of $3,219.84 earlier in the session, Reuters reported. The surge was fueled by a weakening US dollar and growing concerns about the impact of the ongoing tariff war.

Silver prices in Nepal also edged up, climbing Rs 5 to Rs 1,905 per tola from Rs 1,900 the previous day.