Kathmandu. Gold prices have been steadily rising in the international market due to the recent trade war between the US and China due to tariffs.
In the international market, gold was traded at $ 3,226 (about Rs 444,000) per ounce on Monday. That is, gold is being traded at $ 1,327.5 (Rs 183,000) per tola.
Foreign investment bank Goldman Sachs expects gold prices to rise to $4,500 an ounce (about Rs 619,000) in 2025 amid fears of a trade war between the US and China and the escalating recession. According to Goldman Sachs, the price of gold will reach this high when the risk of a trade war and recession reaches a high level.
If this estimate is proved correct, the price of gold will reach $ 1,850 per tola this year i.e. about Rs 255,000. Gold price has increased by Rs 100 per tola on Sunday. Which is the highest ever.
Earlier in March, Goldman Sachs had estimated that gold prices would reach $ 3,300 an ounce in 2025. However, goldman sachs has increased its forecast to $ 4,500 per annum as the risk of a growing trade war and recession between the US and China increases.
The escalating trade war has raised concerns about a recession in the U.S. economy. In the event of recession, the purchase of gold as a safe investment is more. As the demand for gold increases, the price also goes up.
The demand for gold is increasing in the global market. Because investment in gold is considered safe.
