KATHMANDU: The price of gold increased by Rs 1,700 per tola (11.66 grams) in the domestic market on Tuesday to reach an all-time high of Rs 142,700.    

Prior to this, the price of the precious yellow metal had set an all-time high record of Rs 142,200 per tola (11.66 grams) in the domestic market on Friday.    

According to the Federation of Nepal Gold and Silver Dealers' Association, hallmark gold is being traded at Rs 142,700 per tola against Rs 141,000 on Monday.    
Similarly, the federation has fixed the price of worked gold at Rs 142,000 per tola. It was traded at Rs 140,000 on Monday.    
The price of gold has been rising steadily in the past few months. 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.

Likewise, the price of silver has gone up by Rs 25 per tola and has been fixed at Rs 1,860 on Tuesday against Rs 1,835 the previous day.