KATHMANDU, DECEMBER 28 Gold price in the domestic market surged to a new historic high on Sunday, crossing the Rs 270,000-per-tola mark amid a sustained rally that has increasingly put pressure on consumers. According to the Federation of Nepal Gold and Silver Dealers' Association, the price of fine gold rose by Rs 1,300 per tola in a single day to reach Rs 270,600 per tola. Gold was traded at Rs 269,300 per tola on Friday. The latest increase continues an aggressive upward trend seen throughout the month of Mangsir. Gold had opened the month at Rs 259,000 per tola, meaning prices have climbed by more than Rs 11,000 per tola within weeks, despite intermittent fluctuations. Silver price also recorded an unusually steep rise, jumping by Rs 270 per tola in a single day to reach Rs 4,835 per tola, up from Rs 4,565 per tola on Friday. The price is now approaching the Rs 5,000-per-tola threshold, a level that would mark another psychological barrier for buyers. Market observers note that while international price movements influence local rates, the speed and frequency of recent hikes have amplified uncertainty. Consumers now face a purchasing dilemma: buy now at current prices, or wait and risk paying even more if prices continue to climb. Without a clear market outlook, they are caught between the fear of missing out on current prices and the risk of overpaying should the market reverse.