The gold price reached all time high this week . It is rumored across different media that it will further go up. There were some news articles last week stating that gold price may reach as high as Rs.2lakhs. Does anyone know here what is the reason behind the current rapid rise in gold prices ?
The simple answer is the increase of gold prices in international market is also causing the price to rise in Nepal and then there is limited supply. Nepal Rastra Bank allows banks to import only 10Kgs a day!
This article will help you to understand the other factors and whether the gold price will breach the Rs. 2,00,000 per tola range: Gold prices are at an all time high! Is this the right time to buy?