Kathmandu, Dec. 26 -- Nepal's gold dealers have predicted a further bullish trend, just as the precious metal surged to a new high of Rs269,300 per tola in the local bullion market on Friday.

Arjun Rasaili, president of the Federation of Nepal Gold and Silver Dealers Association, said they have estimated gold prices to cross the Rs300,000 mark within the first four months of 2026, triggered by various external factors like geopolitical tensions and the US rate cuts.

International media reports say that gold prices surged to a record high in early Asian trading on Friday, buoyed by safe-haven demand and rising expectations of further interest rate cuts by the US Federal Reserve. Spot gold rose 0.5 percent to $4,501.44 per ounce, after to...