Gold prices again hit an all-time high in the Nepalese market today. The price of gold increased by Rs.700/tola today. As of today, fine gold was traded at Rs.91,300/tola while tejabi gold was traded at Rs.90,880/tola, as per the Federation of Nepal Gold and Silver Dealer Association.
Due to the increase in gold prices in the international markets, the price is rising in the Nepalese market as well. As of today, gold was traded at $1784.80.85/ounce on the international markets.
Gold is getting a boost as COVID-19 pandemic continues to spread and the rise of infections from the coronavirus in the United States and globally that elevated concern that the pandemic could force many countries including the United States to roll back the reopenings.
As per the international analyst, It seems highly likely that until the pandemic has run its course and the global economy returns to pre-pandemic numbers, that we will continue to see gold prices at this level or higher.
The value of silver increased by Rs.5/tola and stood at Rs.945/tola today. Silver was traded at Rs.940/tola on Friday.
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