Nepal Rastra Bank’s gold assets surge 71 percent in a year as bullion prices soar

Skyrocketing gold prices have sharply boosted the central bank’s gold valuation despite unchanged reserves,prompting the bank to consider further investment in paper gold amid global central bank buying.

With gold prices climbing almost every day, the value of Nepal Rastra Bank’s gold holdings has jumped by a massive 71.25 percent within a year, even though the quantity of gold in its vaults remains unchanged.