The price of gold has increased by 21,600 rupees per tola in a month. Rumors that the US Central Bank (Federal Reserve Bank) will reduce interest rates, due to geopolitical reasons, investment in gold from all sectors has increased, and the price has become a record.

Due to the increase in investment in gold, which is considered safe in terms of investment, the price has increased by about 40 percent in the international market within a year. A year ago, the price of gold per ounce was traded at 2600 US dollars. Now it has increased from 3683 dollars to 3702 dollars per ounce.

The price increase in the international market has directly affected the Nepalese market. Since last April, the price of gold has increased by 32 thousand 800 rupees. Compared to the month of August alone, it has increased by 21 thousand 600 rupees.

"On Tuesday, when the price was fixed by the Nepal Gold and Silver Traders Federation, it was 3683 dollars per ounce, but it reached 3702 dollars per ounce in the international market . Here, per tola has reached 2 lakh 17 thousand 100 rupees, this price is the highest ever," said jewelry expert Tejaratna Shakya, "another reason for the increase in price in Nepal is the devaluation of Bharu and Nepalese rupees against the US dollar. That's why the shortage has not been touched.'

When the price was determined by the federation in August, it seems that the international market has increased by 347 US dollars per ounce . In the Nepali market, it has increased by 21 thousand 600 rupees. When the federation set the price on August 1, it was $6 per ounce in the international market. Here per tola was fixed at 1 lakh 5 thousand 500 rupees . On August 31, the price in the international market was 3683 dollars . The federation had fixed 2 lakh 17 thousand 100 rupees per tola for Nepal.

"Comparing between August 31 and October, it seems that 1 dollar has decreased in the international market . But due to the dollar, per tola in the Nepali market decreased by 1 thousand rupees to 2 lakh 16 thousand 100 rupees," Shakya said, "Apart from the price of August 31, the price of October 1 is also a record. According to

Federation, since August 13, per tola in the local market has exceeded 2 lakh rupees. On August 13, the Federation had fixed 2 lakh 600 rupees per tola. On August 13, the international market traded at $3410 per ounce. After that, the price did not fall below 2 lakh. Made a record on top of the record .

The federation determines the price by considering the international market as 75 percent and the Indian market as 25 percent. The market price is determined by international market price, dollar exchange rate, 10 percent customs duty and 1 percent profit (50 percent to the bank and 50 percent to the businessman).

According to Shakya, US President Trump has increased customs duties in 90 countries. It also has an effect. The stock market has not accelerated in the international market. The dollar is also weak compared to the international market. Investors are looking for safe investments . Shakya says that the market has become completely unstable due to the rumors of interest rate reduction in the international market for one and a half months. "The rumor of interest rate reduction has increased the investment in gold, otherwise the price would not have increased . There is also talk that the interest rate will be decided in a week,' he said, 'The gold market is completely unstable as a whole.' 2 lakh 7 thousand 900