Gold and Silver continue to see new heights as investors consider the bullion market as the hedge against inflation and a safe haven amid the coronavirus pandemic.
Nepal bullion market surged tracking gains in the yellow metal prices that were traded at levels highest since the last few years.
Though the physical demand for the yellow metal is almost zero amid the crisis, the price of gold has seen a sharp surge in recent months.
Lately of Thursday, the price of gold increased by NPR 1,100 per tola to reach an all-time high NPR 102,500 per tola.
According to the Federation of Nepal Gold and Silver Dealers Association (FENEGOSIDA), the hallmark gold was sold at NPR 101,400 per tola in the domestic market on Wednesday.
Likewise, the price of tejabi gold stands at NPR 102,000 per tola, up by NPR 1,100 per tola.
The FENEGOSIDA has estimated that the price of gold may reach as high as NPR 150,000 per tola by October this year. Meanwhile, the price of Silver has increased by NPR 50 per tola to stand at NPR 1,345 per tola.
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