Kathmandu, Jan. 24 -- Gold prices continued their relentless climb, crossing Rs300,000 per tola in the domestic bullion market for the first time, buoyed by global tensions and mounting economic uncertainty.

On Friday, the last trading day of the week, gold jumped by Rs9,200 per tola to Rs301,400 per tola, according to the Federation of Gold and Silver Dealers' Association. Over the past year, the price of the precious metal has surged by Rs141,400 a tola.

In the international market, spot gold traded at $4,957.1 per ounce on Friday after scaling a record high of $4,966.59 earlier in the day.

International bullion analysts say the rally is being driven by persistent economic and geopolitical risks. "As we do not expect these risks to f...