Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Gold prices in the domestic market climbed sharply on Monday, with the price of fine gold reaching Rs 326,100 per tola, marking a significant increase in Nepal’s bullion market.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold rose by Rs 5,600 per tola compared to Sunday. On Sunday, gold was traded at Rs 320,500 per tola, which increased to Rs 326,100 per tola on Monday.
Similarly, silver prices also recorded an upward movement. Silver, which was traded at Rs 5,985 per tola on Sunday, has increased to Rs 6,020 per tola on Monday.
In the international market, gold was trading at around USD 5,362 per ounce on Monday, reflecting continued volatility in global commodity markets. Analysts attribute the sustained rally in gold prices to geopolitical tensions, fluctuations in the US dollar index, and increased safe-haven demand among global investors.
The surge in international bullion prices, coupled with exchange rate movements and import costs, has directly impacted Nepal’s local gold market. As Nepal is heavily dependent on gold imports, changes in global spot prices and currency valuation significantly influence domestic pricing.
Market observers note that rising gold prices may affect jewelry demand, wedding season purchases, and overall bullion trade activity in Nepal. However, higher prices also tend to increase investment-driven demand, as gold remains a traditional hedge against inflation and economic uncertainty.
With ongoing global economic instability and currency market volatility, traders expect continued fluctuations in both gold and silver prices in the coming days.
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