Gold, silver hit record highs as Trump threatens fresh China tariffs
Gold prices scaled to another record high on Monday as investors revved up their safe-haven bets after U.S. President Donald Trumprenewed tariff threats against China, while expectations of U.S. interest rate cuts added to the metal's allure, Reuters reported.
Silver also jumped to an all-time peak, tracking gold's rally.
Spot gold was up 1.4% to $4,074.02 per ounce, as of 0825 GMT, after hitting a record $4,078.05/oz, according to Reuters.
Gold price hits new record at 240, 400 per tola on Monday
The price of gold reached an all-time high in the domestic market on Monday, setting a new historical record.
According to the Federation of Nepal Gold and Silver Traders, the price of gold has increased by Rs 2, 400 per tola to reach Rs 240, 400 per tola today. It was traded at Rs 238, 000 per tola on Sunday.
Similarly, the price of silver has increased by Rs 95 and is being traded at Rs 3, 220 per tola.
Gold price drops by Rs 4, 200 per tola on Friday
The price of gold has dropped by Rs 4, 200 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 235, 100 per tola today. It was traded at Rs 239, 200 per tola on Thursday.
Similarly, the price of silver has increased by Rs 130 per tola and is being traded at Rs 3, 085 per tola.
Gold price hits new record at Rs 239, 200 per tola on Thursday
The price of gold reached an all-time high in the domestic market on Thursday, setting a new historical record.
According to the Federation of Nepal Gold and Silver Traders, the price of gold has increased by Rs 1, 200 per tola to reach Rs 239, 200 per tola today.
Similarly, the silver is being traded at Rs 3, 025 per tola.
Gold price increases by Rs 2, 600 per tola on Wednesday
The price of gold has increased by Rs 2, 600 per tola in the domestic market on Wednesday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 238, 000 per tola today. It was traded at Rs 235, 400 per tola on Tuesday.
The price of silver, however, has dropped by Rs 5 and is being traded at Rs 2, 955 per tola today.
Gold crosses $4,000 for first time, building on historic rally
Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve, Reuters reported.
Spot gold was up 0.9% at $4,017.16 per ounce by 0442 GMT. U.S. gold futures for December delivery gained 0.9% to $4,040 per ounce.
Traditionally, gold is seen as a store of value during times of instability. As one of the best-performing assets of 2025, spot gold is up 53% year-to-date after rising 27% in 2024, according to Reuters.
Gold price hits new record at 235, 400 per tola on Tuesday
The price of gold reached an all-time high in the domestic market on Tuesday, setting a new historical record.
According to the Federation of Nepal Gold and Silver Traders, the price of gold has increased by Rs 2, 300 per tola to reach Rs 235, 400 per tola today. It was traded at Rs 233, 100 per tola on Monday.
The price of silver, however, remained constant and is being traded at Rs 2, 960 per tola.
Gold prices surges to record high of Rs 233,100 per tola
Gold prices in Nepal surged to an all-time high of Rs 233,100 per tola (11.664 grams) on Monday. According to the Federation of Nepal Gold and Silver Dealers Association, the yellow metal was traded at Rs 223,200 per tola when markets closed for the Dashain holiday on September 28. When trading resumed on Sunday, prices jumped by Rs 9,900 per tola to reach Rs 230,600, and rose by another Rs 2,500 per tola on Monday.
With this, gold has become dearer by nearly Rs 10,000 per tola since the market closed for Dashain holiday last week. The recent surge follows weeks of steady appreciation in the bullion market. Gold first breached the Rs 200,000-level on August 29, posting an overnight gain of Rs 1,200 per tola. The price then surged past Rs 210,000 on September 5, when it traded at Rs 210,400 per tola, and again crossed Rs 220,000 on September 23, after a steep rise of Rs 3,900 per tola in a single day. The price of silver also climbed after the long festival holiday. It rose by Rs 150 per tola from Rs 2,810 before Dashain to Rs 2,960 per tola on Monday.
The sharp rise in local gold prices mirrors movements in the global market. Gold prices soared past the $3,900-per-ounce mark for the first time in the international market on Monday, driven by renewed safe-haven demand as investors reacted to a fall in the Japanese yen and mounting uncertainty over a US government shutdown, according to Reuters. “Gold has climbed 49 percent so far this year after a 27 percent rise in 2024, helped by strong central bank buying, increased demand for gold-backed exchange-traded funds, a weaker dollar and growing interest from retail investors seeking a hedge amid rising trade and geopolitical tensions,” Reuters added.
Since Nepal meets all its gold demand through imports, domestic prices are directly influenced by international market fluctuations and exchange rate movements. As the festive season continues with Tihar and Chhath ahead, gold traders expect sustained demand despite high prices. However, buyers are likely to remain cautious as record rates make jewelry purchases significantly more expensive.
Gold price increases by Rs 1, 500 per tola on Monday
The price of gold has increased by Rs 1, 500 per tola in the domestic market on Monday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 233, 100 per tola today. It was traded at Rs 230, 6 00 per tola on Sunday.
Similarly, the price of silver has increased by Rs 30 and is being traded at Rs 2, 960 per tola today.
Gold price increases by Rs 1, 200 per tola on Friday
The price of gold has increased by Rs 1, 200 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 222, 500 per tola today.
Similarly, the silver is being traded at Rs 2, 740 per tola today.
Gold price drops by Rs 1, 700 per tola on Thursday
The price of gold has dropped by Rs 1, 700 per tola in the domestic market on Thursday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 221, 300 per tola today. It was traded at Rs 223, 000 per tola on Wednesday.
Similarly, the price of silver has dropped by Rs 15 and is being traded at Rs 2, 685 per tola.
Gold price hits new record at Rs 223, 000 per tola
The price of gold reached an all-time high in the domestic market on Wednesday, setting a new historical record.
According to the Federation of Nepal Gold and Silver Traders, the price of gold has increased by Rs 1, 300 per tola to reach Rs 223, 000 per tola today.
Similarly, the price of silver has increased by Rs 20 and is being traded at Rs 2, 700 per tola.
Gold price hits record high at Rs 221, 700 per tola
The price of gold has reached the highest so far in the domestic market today.
The yellow metal is being traded at Rs 221, 700 per tola (11.66 grams) today, the Federation of Nepal Gold and Silver Dealers' Association said.
The price of gold was Rs 217,800 per tola on Monday. It increased by Rs 3,900 per tola today compared to Monday.
Similarly, the price of silver is determined at Rs 2,680.
The price of gold is around USD 3,748 per ounce in the international market today, according to the Federation.
Gold price increases by Rs 1, 100 per tola on Sunday
The price of gold has increased by Rs 1, 100 per tola in the domestic market on Sunday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 217, 100 per tola today. It was traded at Rs 216, 000 per tola on Friday.
Similarly, the silver is being traded at Rs 2, 620 per tola today.
Gold price increases by Rs 800 per tola on Friday
The price of gold has increased by Rs 800 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 216, 000 per tola today.
Similarly, the price of silver has increased by Rs 60 and is being traded at Rs 2, 580 per tola today.
Gold price drops by Rs 900 per tola on Thursday
The price of gold has dropped by Rs 900 per tola in the domestic market on Thursday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 215, 200 per tola today.
Similarly, the price of silver has dropped by Rs 30 and is being traded at Rs 2, 520 per tola.