Kathmandu. For the last few days, the price of gold has been setting a new record daily. The price of gold has increased by Rs 100 per tola from Friday to Monday. The price of gold has increased from Rs 260,000 on Friday to Rs 205,300 per tola on Monday.
Similarly, the price TAG_OPEN_div_54 of gold has reached Rs 3,470 per ounce in the international market today. This price is expected to increase to Rs 3,500 in a few days. Tej Ratna Shakya, former president of the Federation of Gold and Silver Dealers’ Association, said that the gold business has become deserted due to the increase in the price of gold.
According to TAG_OPEN_div_52 the international market, the price of gold is Rs 205,300 per tola. However, when buying gold, the government has to pay 2 percent luxury tax on that price. According to Shakya, the price of gold has reached around Rs 210,000 after adding luxury tax to the price of Rs 205,300.
Even after paying the luxury tax imposed by the government, gold wages and commodity traders sell gold. According to Shakya, the price of gold in the Nepali market has increased from Rs 215,000 to Rs 20,000 per tola. In the last 12 months alone, the price of gold has increased by 30 percent in the international market.
Why the price increased?
Us President Donald Trump has introduced tariffs in various countries. TAG_OPEN_div_46 He has increased the tax rate of various countries from 10 to 50 percent. This has affected the gold and silver business. Several countries see Trump’s policy as an insecure policy and a policy that leads to a trade war. Due to this, the purchase and sale of gold has increased and this has increased the price of gold.
Recently, TAG_OPEN_div_44 Nepali currency is becoming cheaper between Indian and Nepali currency in Nepal. According to Shakya, former president of the Federation, nepali currency is very cheap in the global market, due to which Nepalis have to buy and sell gold at a higher price. In the recent past, the us dollar has also risen sharply. In April, the nepali currency was 136 rupees equivalent to one rupee us dollar, which was 141.42 paise as of September 14. When the value of the dollar increases, imports become expensive. Since Nepal is an import-oriented economy, the exchange rate of the US dollar plays a big role in pricing. At present, due to the strong dollar, importers are forced to buy gold by paying a higher price. As a result, the price of gold has set a new record daily.
TAG_OPEN_div_42 The Ukraine-Russian war that began over the past few years, escalating tensions in the Middle East, and disruptions in supply networks in the Asian region have occurred. As a result, global trade has become expensive. As a result, the price of gold has increased in the global market. It has also had an impact in Nepal. Similarly, Bank of America expects gold prices to reach $4,000 an ounce by mid-2026. International media have claimed that the uncertainty over the independence of the Federal Reserve and rising geopolitical tensions have led to the rise in gold prices.
TAG_OPEN_div_40 Countries, including the Bank of the UK, have been reducing interest rates on fixed deposits for some time now. As a result, Bank of America has also indicated to reduce interest rates. This has also helped in increasing the price of gold. According to officials of Nepal-Gold and Silver Dealers Association, if Bank of America reduces the interest rate, investors will increase their investment in gold.
Countries such as China and Poland have intensified their gold purchase rates for some time. Central banks of various countries are continuously buying gold. Global gold ETF holdings reached 3,616 tonnes by mid-2025. Which shows that capital collection towards safe assets is increasing. According to a July 2025 report by the Blackrock Geopolitical Risk Indicator (BGRI), the risks associated with global conflict and trade wars are one ‘standard division’ above the historical average.
How is the price of gold determined in the global market?
TAG_OPEN_div_34 The Legal Practice Management Association, the world’s wholesale price, sets the price of gold twice a day in US dollars. Similarly, futureers’ contact is done on international exchanges such as Comex of america, Tokam of Japan, Shanghai Gal Exchange etc. This means that there is an agreement to buy and sell gold at a certain price on a certain date in the future. Similarly, big banks and traders are also trading in the purchase and sale of gold directly from the OTC market. Due to this, the price of gold in the world has fluctuated daily.
TAG_OPEN_div_32 If inflation rises, people prefer to invest in gold instead of money. As the demand for gold increases, the price will increase. Similarly, the value of the US dollar is also linked to the price of gold. Generally, if the value of the dollar weakens, the price of gold increases. The price of gold is fixed in dollars. As a result, when the dollar is cheaper, those who buy gold in other currencies can buy gold cheaper. Similarly, central banks of different countries also buy gold. In this way, the supply of gold in the market decreases and the price increases.
TAG_OPEN_div_30 Similarly, the impact of interest rates on gold prices is also felt in the price of gold. When political and economic uncertainty begins in the world, it also affects the rise in gold prices. The price of gold also increases due to trade wars and other wars in the international arena. Investors consider gold as a safe investment.
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