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Gold prices rise by nearly Rs 50,000 in a year after Trump raises taxes 

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लगानी न्यूज

. The price of gold has increased by Rs 50,000 per tola in the last one year. According to the Federation of Nepal Gold and Silver Dealers’ Association( FeNeGoSiDA), the price of gold has increased by Rs 49,600 per tola to Rs 199,400 per tola as of August 15, 2019.

United States President Donald Trump TAG_OPEN_div_28 is adding taxes in some countries. Since he became president, he has threatened to increase taxes in different countries.  This has destabilized global markets. Due to which the currencies of many countries have weakened.

The price of gold TAG_OPEN_div_26 and silver in Nepal is determined according to the international market. If the price of gold and silver increases in the international market, then its price will also increase in Nepal. If it decreases in other countries, its price also decreases in Nepal.

A few days ago TAG_OPEN_div_24, Trump also halted negotiations on a trade deal with India. He is angry with India, citing india’s continued purchase of Russian crude oil. Trump has imposed a 25 percent tax on trade with India. As a result, trade tensions between the two economies have increased. According to the international media, the impact of this has been seen in the price of gold and silver.

Similarly, the price TAG_OPEN_div_22 of silver has also increased by a huge number in the last one year. The price of silver has increased by Rs 565 to Rs 2,325 from Rs 1,700 in July last year.

TAG_OPEN_div_20 Similarly, trump recently announced a tariff on 25 percent of steel and aluminum imports. In the days following the announcement, the price of gold has increased suddenly. After Trump’s economic decisions and statements, the price of gold has reached a new high within a year.

TAG_OPEN_div_18 Similarly, wars have been taking place in different countries of the world for some time now. For example, wars such as the Russia-Ukraine War, the Israel-Hamas War have also created fears among the Manis that there will be a Third World War. Because of which people are looking for a safe place to invest. Gold is considered as a safe investment. As a result, international media have revealed that such a price is setting a new record.

On Friday TAG_OPEN_div_16, gold was trading at $ 3,394 an ounce in the international market. Over the past few years, us deposit rates have also been declining. U.S. deposit interest rates fell from 5.5 percent in August 2023 to 4.5 percent by June 30, 2025. Due to which people have invested in gold because they get a lot of profit from gold. Its impact has been seen in the price. –Chandra Bogati (trainee)

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