Gold prices in Nepal’s domestic market climbed sharply on Friday, the final trading day of the week, reaching Rs 290,700 per tola (11.66 grams).
The precious metal gained Rs 7,200 per tola in the session, reflecting sustained buying pressure from local investors and jewelers amid rising global benchmarks.
2% to $4,750 per ounce, signaling strong institutional appetite for the asset.
The domestic surge mirrors the broader international rally, where spot gold has been trading near record levels.
Global prices have been supported by a combination of factors, including speculation over potential diplomatic breakthroughs between the United States and Iran, which has reduced geopolitical risk premiums, and continued robust demand from central banks.
Earlier in the week, spot gold climbed 1.2% to $4,750 per ounce, signaling strong institutional appetite for the asset.
Silver also posted gains in the Kathmandu market, moving in tandem with gold.