Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The price of gold and silver in the Nepali market witnessed a sharp rise on Wednesday, reflecting continued volatility in the precious metals segment amid global economic uncertainty.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold increased by Rs 7,200 per tola, reaching a new rate of Rs 299,000 per tola. Just a day earlier, on Tuesday, gold was traded at Rs 291,800 per tola.
Similarly, silver prices also moved upward significantly. The price of silver rose by Rs 205 per tola, bringing the new market rate to Rs 5,025 per tola. On Tuesday, silver was priced at Rs 4,820 per tola.
Market analysts attribute the sharp increase to fluctuations in the international bullion market, currency exchange pressures, and rising demand for safe-haven assets. The upward trend in gold prices is often linked to global inflation concerns, geopolitical uncertainties, and shifts in interest rate expectations in major economies.
In Nepal, gold holds strong cultural and investment value, particularly during wedding seasons and major festivals, often amplifying demand during periods of price momentum. Traders say that if the global trend continues, domestic prices could remain elevated in the coming days.
The latest surge is expected to impact jewelry businesses and consumer demand in the short term, while investors may increasingly turn to gold as a hedge against economic instability.
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