Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU — Gold prices in the domestic market climbed to a fresh all-time high on Sunday, continuing the strong upward momentum seen in recent weeks amid sustained volatility in global bullion markets.
According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of hallmark gold rose by Rs 2,400 per tola compared to Friday, reaching Rs 303,800 per tola. Silver prices also increased sharply, rising by Rs 290 per tola to stand at Rs 6,480.
The latest surge extends a series of record-breaking sessions in the local precious metals market. On Friday, hallmark gold was traded at Rs 301,400 per tola, while silver was priced at Rs 6,190 per tola.
Market participants attribute the continued rise in domestic prices to strong international trends, currency pressures, and heightened investor demand for safe-haven assets. International media reports indicate that gold was trading at USD 4,987 per ounce in the global market on Sunday. Silver, meanwhile, was being traded at USD 103 per ounce.
Traders in Kathmandu said the persistent rally has significantly impacted retail demand, with consumers adopting a wait-and-watch approach despite the ongoing wedding season. Jewellers also reported tighter inventories and increased caution in forward purchases due to sharp day-to-day price fluctuations.
The sustained rise in gold and silver prices reflects broader global economic uncertainty, expectations of prolonged geopolitical tensions, and continued speculative interest in commodities, all of which are feeding directly into Nepal’s import-dependent precious metals market.
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