Trump’s tariff threat sparks gold market frenzy, breaks all-time records

KATHMANDU: Gold and silver prices in the Nepali market surged to record levels on Monday, reflecting global geopolitical uncertainties and market instability.

According to the Nepal Gold and Silver Traders’ Association, gold prices jumped by Rs 4,100 per tola in a single day.

The new rate for Chhapawal gold now stands at Rs 274,700 per tola, up from Rs 270,600 on Sunday.

Silver prices also climbed, rising Rs 205 per tola to reach Rs 5,195, compared to Rs 4,990 the previous day.

Why Prices Are Rising

In the international commodity market, gold has crossed USD 4,550 per ounce, while silver has surpassed USD 83 per ounce.

Analysts attribute this unprecedented rise to recent US foreign policy actions and the resulting global tensions.

Dharmsundar Bajracharya, First Vice Chair of the Nepal Gold and Silver Traders’ Association, said investors tend to flock to gold during times of political conflict and war risk. “Whenever global tensions rise, investors and central banks increase their gold reserves. This is the main reason behind the current price surge,” he explained.

Recent aggressive measures by US President Donald Trump, including threats against Venezuela, Iran, Greenland, and high tariffs on crude oil imports from countries like India, have stirred global economic uncertainty.

As stock markets and other investment avenues appear risky, investors worldwide are turning to gold and silver, driving up both demand and prices.

Business leaders expect the trend to continue in Nepal as the international price surge directly impacts the local market.