Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Prices of precious metals in the Nepalese market registered a sharp downturn on Thursday, with gold dropping by Rs 9,500 per tola and silver falling by Rs 620 per tola, driven by weak international cues and subdued demand.
According to the Nepal Gold and Silver Dealers’ Federation, the gold price was quoted at Rs 295,200 per tola on Thursday. This marks a significant fall from Wednesday’s closing price of Rs 304,700 per tola, reflecting a rapid correction in local rates.
Similarly, silver traded at Rs 4,980 per tola on Thursday, down from Rs 5,600 per tola recorded on Wednesday, indicating a broad-based decline across precious metals.
Market analysts attribute the slide in domestic precious metal prices to prevailing softness in the global bullion market, where commodity traders are responding to stronger U.S. dollar dynamics and improving risk appetite in financial markets.
International data show that gold was trading around USD 5,078 per ounce, while **silver was quoted near USD 90 per ounce — levels that prompted Nepalese dealers to adjust local rates downward. These international benchmarks are closely monitored by Nepal’s bullion market, as they directly influence import parity prices and dealer pricing strategies.
The fall in gold and silver prices provides short-term relief to consumers and investors looking to purchase physical bullion. However, jewelers and traders have expressed concerns that continued volatility could dampen demand in the run-up to key wedding and festival seasons, when purchases traditionally peak.
Investors are now watching global economic indicators, including U.S. inflation data and interest rate outlooks, for signals that could stabilize gold prices. Meanwhile, local jewelers are expected to recalibrate their price lists over the coming days to reflect ongoing international price movements.
Current Precious Metal Rates in Nepal (Thursday):
Gold: Rs 295,200 per tola (down Rs 9,500 from previous day)
Silver: Rs 4,980 per tola (down Rs 620 from previous day)
As the global economic landscape evolves, Nepal’s bullion market remains sensitive to external price trends due to the country’s reliance on imported gold and silver to meet domestic demand.
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