Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Gold prices in Nepal surged sharply on Thursday, rising by more than Rs 20,000 per tola in a single day, as the precious metals market continues its record-breaking rally driven by strong global trends and sustained domestic demand.
According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of fine gold increased by Rs 20,500 per tola on Thursday. With this jump, the price of gold reached an all-time high of Rs 339,300 per tola in the domestic market.
The spike follows a series of daily gains. On Wednesday, gold had already climbed by Rs 9,500 per tola, closing at Rs 318,800 per tola. Earlier on Tuesday, hallmark gold was priced at Rs 309,300 per tola after a modest rise of Rs 300.
The federation also stated that the price of 10 grams of gold has reached approximately Rs 290,895, reflecting the continued upward pressure in the bullion market.
Silver Prices Also Continue to Rise
Silver prices also extended their upward trend. On Thursday, silver was traded at Rs 7,505 per tola, maintaining the recent rally.
On Wednesday, silver had increased by Rs 205 per tola to reach the same level of Rs 7,505. Compared to Tuesday, Wednesday’s silver price had risen by Rs 430 per tola, when it was traded at Rs 7,300 per tola.
The persistent rise in gold and silver prices mirrors movements in the international bullion market, currency fluctuations, and increased safe-haven demand. In Nepal, gold remains a key asset for savings, weddings, and cultural purposes, which amplifies the domestic impact of global price volatility.
The rapid escalation in prices is likely to influence consumer demand, jewelry trade margins, import bills, and overall market liquidity, making bullion trends an important economic indicator alongside inflation and foreign exchange reserves.
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