Gold price rose sharply in Nepal on Wednesday, increasing by Rs7,200 per tola (11.663 grams) to Rs 299,000, according to the Federation of Nepal Gold and Silver Dealers’ Association.

The surge comes as global markets react to easing tensions involving the US, Israel and Iran, alongside a decline in crude oil prices.

In international markets, Reuters reported that the gold price gained as investors assessed the outlook for interest rates and global economic stability, indicating continued investor preference for safe-haven assets amid uncertainty.

The report added that geopolitical developments and monetary policy expectations are shaping price movements.

Silver price also climbed, reflecting similar global trends.

In Nepal, silver increased by Rs205 per tola to Rs5,025.

Reuters reported that the silver tracked gains in gold as investors weighed inflation trends and geopolitical developments, showing that both metals are responding to broader macroeconomic signals and shifting investor sentiment.