Gold Prices Surge in Nepal Following International Market Rally

Kathmandu. Following a two-week ceasefire agreement between the United States and Iran, the rise in gold prices in the international market has impacted the Nepali market as well.

In the Nepali market, the price of gold increased by 7,200 rupees on Wednesday. According to the Federation of Nepal Gold and Silver Dealers' Association, the price of gold has risen by 7,200 rupees per tola today.

According to the details released by the Federation, the price of fine gold has been set at 299,000 rupees per tola today. On Tuesday, gold was traded at 291,800 rupees.

The Federation stated that along with gold, the price of silver has also increased by 893 rupees. Today, silver is being traded at 5,025 rupees, an increase of 893 rupees per tola.

The price of gold has increased as investors are attracted to safe-haven investments after the decision to postpone the attack on Iran for the time being.

In the international market, the price of spot gold has increased by 2.3 percent to 4,812.49 US dollars per ounce. In the early stages of trading, the price of gold had risen by more than 3 percent, reaching its highest level since March 19.