Kathmandu, March 31 -- The price of gold in the Nepali market has continued to rise, and bullion traders expect it to reach Rs200,000 per tola soon.

Diyesh Ratna Shakya, senior vice president of the Federation of Nepal Gold and Silver Dealers Association, stated that international factors have contributed to this surge.

He explained that US President Donald Trump's increase in customs tariffs has raised inflation in the US, turning investors to the gold safe haven.

In November last year, gold prices in the domestic market reached Rs167,200 per tola, prompting the government to cut customs duty by nearly 10 percent to align prices with those in India and curb smuggling.

As a result, the price dropped to Rs151,300 per tola. Before this,...