Himal Press 
KATHMANDU: The price of gold in the Nepali market surged to an all-time high on Friday, hitting Rs 185,000 per tola (11.664 grams) for fine gold.
This marks a significant increase of Rs 3,900 from Thursday’s price of Rs 181,100 per tola, reflecting a sharp upward trend in the precious metal’s value. The spike comes amid global market fluctuations and rising demand, with gold continuing to attract investors as a safe-haven asset.
Gold has become dearer by Rs 8,600 per tola in just a week.
Gold prices breached the crucial $3,200 per troy ounce level for the first time on Friday, fuelled by a weaker dollar and an escalating trade war that sent investors rushing toward safe-haven assets, according to Reuters agency. “The rapid weakening of the US dollar seems to be the main driver of gold’s rebound at the moment. That seems to reflect an ongoing exodus from USD-based assets, with stocks and bonds’ sell-off amid tariff policy uncertainty,” Reuters quoted Ilya Spivak, head of global macro at Tastylive, in its report.
Since Nepal meets all its gold demand through imports, any change in prices in the international market is reflected in the domestic market. The domestic market has been seeing a significant hike in gold prices in recent weeks. On March 31, fine gold was priced at Rs 175,400 per tola, while earlier in the week of April 6, it stood at Rs 174,500 before climbing to Rs 176,400. The rapid escalation to Rs 185,000 underscores growing market pressures and consumer interest.
Market analysts attribute the record-breaking prices to a combination of global economic uncertainties, inflationary concerns, and increased local demand ahead of the festive season.
