Gold fever grips Nepal as economy stalls and fears mount

Despite back-to-back crises and shrinking incomes, bullion demand soars as investors seek a safe haven amid rumours of demonetisation and political uncertainty.

Two back-to-back disasters have brought Nepal’s economy to a near standstill, causing a sharp decline in people’s purchasing power. Yet, even amid this economic gloom, the value of one precious metal continues to increase.