Gold price may hit $6000 per ounce, Nepal may face 3.6 Lakh per tola

Gold prices are reaching new heights across the world. Experts now believe it could soar to $6000 per ounce in the coming months. This year alone, the price has jumped by more than 60 percent, surprising investors and creating a new wave of excitement in global markets.

Analysts from the Bank of America say the rise is fueled by growing global uncertainty from economic instability to political tension. With fears of a U.S. government shutdown, unstable stock markets, and ongoing wars, investors are moving their money into gold as a safer choice.

The U.S. Federal Reserve’s expected interest rate cuts have also reduced the appeal of the dollar, making gold even more attractive. Central banks around the world, especially after the Russia-Ukraine conflict, are buying more gold to secure their reserves.

According to the World Gold Council, global gold demand this year could reach around 4,850 metric tons the highest level since 2011.

Experts’ predictions

• Goldman Sachs expects gold to reach $4900 by the end of the year.
• HSBC’s forecast is $5000 per ounce.
• Bank of America leads the boldest prediction at $6000, possibly by mid-2026.

Even short-term dips haven’t changed the overall outlook most experts agree the long-term trend still points upward.

In Nepal, gold currently trades around Rs 2,58,000 per tola. If the global price hits $6000 per ounce, local rates could reach nearly Rs 3,59,000 per tola. This estimate includes the current exchange rate (around Rs 140.47 per U.S. dollar) and import-related costs like taxes and premiums.

Such a sharp increase would attract more investors to gold, while also raising concerns for importers and jewelry traders. Analysts warn that if global conditions stabilize or the U.S. dollar strengthens, prices could fluctuate again.

Gold has regained its image as the ultimate safe investment. Whether this rally continues or cools down, one thing is clear gold is shining brighter than ever in uncertain times.