Gold Prices Set a New Record, Silver Also Rises

Today (Bhadra 12), gold prices have set another new record. According to the Federation of Nepal Gold and Silver Dealers' Association, the price of hallmark gold increased by NPR 800 per tola on Wednesday, reaching NPR 153,100. Previously, on Bhadra 5, gold was traded at NPR 153,000 per tola. On Tuesday, the price of hallmark gold was NPR 152,300 per tola.

Reasons for the Increase in Gold Prices:

• Middle East Conflict: The ongoing conflict in the Middle East is believed to have driven up the demand for gold.

• U.S. Economy and Stock Market: The improvement in the U.S. economy and the growth in the stock market have also contributed to the increased demand for gold.

• Other Factors: Analysts have also pointed out that a stronger U.S. dollar and China's increased gold reserves have led to a rise in gold prices in the international market.

Increase in Silver Prices:

Alongside gold, the price of silver has also risen. Today, the price of silver increased by NPR 5 per tola, reaching NPR 1,855. On Tuesday, the price of silver was NPR 1,850 per tola.

Conclusion:

The rise in the prices of both gold and silver is influenced by various economic, political, and financial factors in the international market. Given the current situation, further changes in the prices of gold and silver are likely.