Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Gold prices in the domestic market increased sharply on Friday, with the rate rising by Rs 700 per tola to cross the Rs 277,000 mark, according to the Federation of Nepal Gold and Silver Dealers’ Association.
The association fixed the price of fine gold at Rs 277,200 per tola on Friday. The rise comes a day after gold prices had declined significantly. On Thursday, gold had dropped by Rs 1,500 per tola and was traded at Rs 276,500 per tola.
Traders said the latest increase reflects volatility in the international bullion market as well as fluctuations in the US dollar, which continue to influence domestic gold prices. Gold prices in Nepal typically follow trends in the global market, with adjustments also reflecting local demand and supply conditions.
Silver prices also moved upward on Friday. The price of silver increased by Rs 160 per tola to reach Rs 5,645 per tola. On Thursday, silver prices had fallen by Rs 170 per tola.
Market participants noted that precious metals have remained highly volatile in recent weeks, with frequent daily adjustments. Jewellers say such fluctuations have affected consumer sentiment, particularly ahead of the wedding season, as buyers remain cautious amid elevated prices.
Nepal’s gold and silver prices are revised daily by the federation based on movements in the international market and exchange rate dynamics. Traders expect continued volatility in the coming days as global investors closely watch inflation trends, interest rate signals from major central banks, and geopolitical developments affecting safe-haven assets.
Despite short-term corrections, gold prices in Nepal remain near historic highs, reflecting sustained global demand for bullion as a hedge against economic uncertainty.
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