Gold prices and Dollar rate reaching for historical highs; Should we brace for impact?

The gold prices have been going uphill for quite some time now and today it has reached a new high of Rs 73,500. When the gold prices first starting catching attention, it was in the line of 60,000s but in a matter of 1.6 months, it has risen by Rs 9000 (From Shrawan 01 till today).

However, today the gold price is sharing the stage with the Dollar rate as they are sharing the stage on reaching new highs. As shown in the table below, in a matter of just one day the Dollar against Nepali Rupees has appreciated by Rs 1.6 per USD 1.

With the BOP (Balance of Payment ) crisis at door, the government is using multiple tricks to preserve whatever foreign exchange reserve we have, with most on taxing imported products. In view of that, the appreciation of Dollar can be an attractive opportunity to improve exports vis-a-vis our BOP situation. However, the bigger picture id yet to be seen.