Kathmandu,The rise in gold and silver prices continued in the Nepali market on Tuesday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has reached Rs. 235,402.85 per tola today — the highest rate ever recorded in Nepal.

On Monday, the price of hallmark gold was Rs. 233,100 per tola. With today’s increase of Rs. 2,302.85, the price has again set a new record.

Silver prices have also gone up slightly. On Monday, silver was traded at Rs. 2,960 per tola, while on Tuesday it rose to Rs. 2,960.32 per tola.

The Federation stated that this price surge is due to several factors including international market fluctuations, increased demand during the festive season, and the rising value of the US dollar.

The continuous hike in prices has added financial pressure on consumers. Meanwhile, gold traders suggest that prices may continue to rise in the coming days.