In mex market gold price is 40396 this is all time high price in nepali market. In foreigen news as follows
Spot gold [XAU= 1667.88 
8.63 (+0.52%) 
]rose to an all-time high of $1,661.14 in early Asian hours, hitting its ninth record in 16 trading sessions and up nearly 17 percent so far this year. It was trading at $1,657.88 by 0424 GMT, little changed from the previous close.
U.S. gold [GCCV1 1670.40 25.90 (+1.57%) ]gained nearly 1 percent to $1,660.6. It rose to a high of $1,664.2, just 30 cents off the record set on Tuesday.
Gold priced in sterling and euro also reached historical highs.
U.S. politicians completed a last-gasp deal to avoid a default on Tuesday, but there was little relief for markets as investors focused instead on how tighter fiscal policy could constrict growth of the world's largest economy.
The size of the U.S. debt![[cnbc explains]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_syuYBtGzjLe8W9Fk5fClOhG790s5E89cRSuW3RHwMqiRksLq52k-NOFdOq-9qbu1LZWEo5515kuLjaEysCN_Tv0zez3m3d3WE371DMOLEgZipK83xMKPJv1Feei9Y7e-Ta5avWsVzofCeFoagMOlTMk3L6qfleILyaVd9LTpuCMy2iNX1jDnEOl0cKtBcqew=s0-d)
remained a concern for ratings agency Moody's. Moody's retained its triple-A rating for the United States' but assigned a negative outlook to it, underscoring the threat of a future downgrade that would drive up the cost of borrowing and could slow future growth.
"People are gravely concerned over government credit and the fact that the U.S. doesn't seem to be offering satisfying measures to assure fiscal positions and there is the sense that it will ultimately have some kind of real consequences in the markets," said a Singapore-based trader.
"We are seeing a fairly large scale of capital flight not just out of the dollar, but out of other currencies as well. The precious metals market has emerged as an instrument of default, no pun intended."
Gold jumped 2.6 percent in the previous session, its biggest gain since early November just after the U.S. Federal Reserve launched a second round of government debt purchases, or quantitative easing .
Technical analysis suggested that gold's bull run might extend to $1,679, said Reuters market analyst Wang Tao.
Gold hit a record high on Wednesday as investors made a beeline for bullion to shelter from the impact on financial markets of the deteriorating outlook for the global economy and Europe's worsening debt crisis.
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8.63 (+0.52%) ]rose to an all-time high of $1,661.14 in early Asian hours, hitting its ninth record in 16 trading sessions and up nearly 17 percent so far this year. It was trading at $1,657.88 by 0424 GMT, little changed from the previous close. U.S. gold [GCCV1 1670.40
25.90 (+1.57%) ]gained nearly 1 percent to $1,660.6. It rose to a high of $1,664.2, just 30 cents off the record set on Tuesday. Gold priced in sterling and euro also reached historical highs.
U.S. politicians completed a last-gasp deal to avoid a default on Tuesday, but there was little relief for markets as investors focused instead on how tighter fiscal policy could constrict growth of the world's largest economy.
The size of the U.S. debt
remained a concern for ratings agency Moody's. Moody's retained its triple-A rating for the United States' but assigned a negative outlook to it, underscoring the threat of a future downgrade that would drive up the cost of borrowing and could slow future growth. "People are gravely concerned over government credit and the fact that the U.S. doesn't seem to be offering satisfying measures to assure fiscal positions and there is the sense that it will ultimately have some kind of real consequences in the markets," said a Singapore-based trader.
"We are seeing a fairly large scale of capital flight not just out of the dollar, but out of other currencies as well. The precious metals market has emerged as an instrument of default, no pun intended."
Gold jumped 2.6 percent in the previous session, its biggest gain since early November just after the U.S. Federal Reserve
launched a second round of government debt purchases, or quantitative easing . Technical analysis suggested that gold's bull run might extend to $1,679, said Reuters market analyst Wang Tao.
South Korea's central bank said on Tuesday it spent more than $1 billion in its first gold purchase in more than a decade, joining the trend among central banks to diversify their foreign reserves amid global growth uncertainties.
Holdings in the SPDR Gold Trust [GLD 161.52 3.80 (+2.41%) ], the world's largest gold-backed exchange-traded fund, jumped 1.4 percent to 1,281.76 metric tons, highest since end of last year.
"The momentum in gold in the short term will continue to run strong, supported by worries about global economic growth, gold purchase by South Korea's central bank announced yesterday and rising in SPDR Gold Trust holdings," said Li Ning, an analyst at Shanghai CIFCO Futures.
Li expected gold to test $1,680 in the short term.
The latest weak data from the United States, following a batch of dour manufacturing surveys on Monday, added to fears over a deteriorating global economy. U.S. consumer spending dropped in June for the first time in nearly two years and incomes barely rose.
Holdings in the SPDR Gold Trust [GLD 161.52
3.80 (+2.41%) ], the world's largest gold-backed exchange-traded fund, jumped 1.4 percent to 1,281.76 metric tons, highest since end of last year. "The momentum in gold in the short term will continue to run strong, supported by worries about global economic growth, gold purchase by South Korea's central bank announced yesterday and rising in SPDR Gold Trust holdings," said Li Ning, an analyst at Shanghai CIFCO Futures.
Li expected gold to test $1,680 in the short term.
The latest weak data from the United States, following a batch of dour manufacturing surveys on Monday, added to fears over a deteriorating global economy. U.S. consumer spending dropped in June for the first time in nearly two years and incomes barely rose.
Concerns about spreading sovereign debt crisis in the euro zone underpinned gold's strength.
"It seems to me that it hasn't reached the peak, and what the authorities have tried to do is postponing rather than preventing what the markets want to do with government credit in euro zone and maybe in the U.S.," said the Singapore-based trader.
Italy found itself dragged deeper into the euro zone debt crisis on Tuesday, prompting emergency consultations in Rome and among European capitals.
Yields on Italian and Spanish bonds hit their highest levels in 14 years, with five-year Italian yields reaching the same level as Spain's in a sign Rome is overtaking Madrid as a key focus of investors' concern about debt sustainability.
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