April 8: The price of gold has increased by Rs 600 per tola (11.66 grams) in the domestic market of Nepal on Monday, just a day after setting an all-time high record.    

According to the Federation of Nepal Gold and Silver Dealers' Association, the price of hallmark (fine) gold has been fixed at Rs 136,200 per tola. It was traded for Rs 135,600 per tola on Sunday.    

Similarly, standard (worked) gold is being traded at Rs 135,550 per tola on Monday against Rs 134,950 on Sunday. Likewise, the federation has determined the price of silver at Rs 1,685 per tola. It was traded Rs 1,670 on Sunday.    

The price of gold has been rising steadily in the past few weeks. The federation fixes the price of gold and silver based on the price in the international market.

The recent geopolitical tension due to the Israel’s offensive in Gaza and the Russia-Ukraine war have led to investors to invest in gold considering it as a safe haven in times of turmoil.