KATHMANDU: The price of gold set a new record on Tuesday. The trading price in the Nepali market reached Rs. 198,500 per tola on Tuesday.
According to the Federation of Nepal Gold and Silver Dealers Association, the price of precious yellow metal increased by Rs. 1,900 on Tuesday as compared to Monday’s price.
The gold was traded at Rs. 196,600 per tola in the local market on Monday.
Earlier, on April 22, 2025, gold price reached record high at Rs. 197,900 per tola.
Tej Ratna Shakya, a gold trader, said that the significant increment in the gold price in the international market has contributed to the increase in its price in the local market for the last few days and set a new record on Tuesday.
He attributed the recent hikes in gold prices to the significant increases in its prices in the international market, largely driven by President Donald Trump’s fresh tariffs on goods imported by the USA from several countries, including South Korea, India, and Brazil.
The price of gold increased by USD 12 per ounce to USD 3,373 in the international market on Tuesday, he said, adding that the present fluctuation of gold price in the international market showed that its price would further increase in the local market.
Similarly, devaluation of Nepali rupees against US dollar has also contributed to the increase of gold prices in the local market, he said.
The exchange rate of one US dollar reached Rs. 140.56 on Tuesday.
The international market is very sensitive, he said, adding that the foreign investors and general people in international markets are making investment in gold, which resulted in an increase of its demand as well as price.
“Investors in international market are increasing their investment in gold instead of others commodities which led to a hike in its price in international market,” he said.
With the international market continuously witnessing fluctuation, the gold prices in Nepal may continue to rise, further affecting consumers and traders alike, he said.
According to him, as per the present fluctuation, the price of gold is likely to reach over Rs. 200,000 per tola shortly.
