Gold price in Nepal again hit all time high; international investors eyes on gold as COVID-19 pandemic continues to spread

Gold prices again hit an all-time high in the Nepalese market today. The price of gold which was increased by Rs.700/tola yesterday again rises by Rs 400/tola today. As of today, fine gold was traded at Rs.91000/tola while tejabi gold was traded at Rs.90565/tola, as per the Federation of Nepal Gold and Silver Dealer Association.

Due to the increase of gold prices in the international markets and a rising dollar, the ripple effects of the same have impacted the Nepalese market as well. As of today, gold was traded at $1767.85/ounce on the international markets.

According to international market analysts, gold is getting a boost as investors start to question the health of the global economic recovery as the COVID-19 pandemic continues to spread.

The value of silver increased by Rs.10/tola and stood at Rs.950/tola today. Silver was traded at Rs.940/tola yesterday.

Also Read, 

Gold Bond: An Investment Vehicle and alternative Instrument for Purchasing Gold