Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Gold prices in Nepal surged sharply on Sunday, rising by Rs 5,600 per tola in a single day as global bullion markets strengthened, pushing domestic rates to new highs.
According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now trading at Rs 310,300 per tola, up from Rs 304,700 per tola on Friday.
The federation said the spike in domestic prices follows a rise in international gold markets, which directly influences bullion pricing in Nepal due to import dependency and currency-linked valuation.
Silver Prices Also Rise
Silver prices also posted a notable gain on Sunday.
The federation reported that silver rose Rs 375 per tola, taking the price to Rs 5,425 per tola in the domestic market.
Global Signals Driving Local Market
Bullion traders say Nepali prices typically track international movements almost immediately, as the country relies heavily on imported gold and silver. Any fluctuation in global benchmark prices, currency strength, or investor demand quickly feeds into local rates.
Market observers note that continued volatility in global financial markets, inflation expectations, and safe-haven demand for gold remain key drivers behind the latest price jump.
Jewellers say the sudden rise could slow retail demand in Nepal’s price-sensitive market, particularly ahead of the upcoming wedding and festive buying cycles.
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