Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Gold prices in the Nepali market continued their upward trajectory on Monday, with the rate crossing the psychological threshold of Rs 300,000 per tola, reflecting sustained volatility in the precious metals market and strong domestic pricing momentum.
According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of gold increased by Rs 4,100 per tola on Monday, pushing the official trading rate to Rs 304,600 per tola. This follows a sharp rise on Sunday, when gold had already surged by Rs 9,500 per tola, closing at Rs 300,500 per tola.
The back-to-back gains indicate heightened price pressure within Nepal’s bullion market, which is influenced by international gold trends, exchange rate movements, and import-related cost structures. The cumulative rise over just two days has significantly widened the gap compared to last week’s levels.
On Friday, gold was traded at Rs 291,000 per tola, while on Thursday the rate stood at Rs 295,200 per tola. The latest figures show that gold has climbed by Rs 13,600 per tola compared to Friday’s price, marking a steep short-term rally.
Market analysts note that gold prices in Nepal typically mirror global bullion market movements, adjusted for currency fluctuations and domestic taxation. When international prices rise or the Nepali rupee weakens against the US dollar, local bullion rates tend to escalate rapidly.
Alongside gold, silver prices also moved upward on Monday. The price of silver increased by Rs 240 per tola, reaching Rs 5,250 per tola. On Sunday, silver had been traded at Rs 5,010 per tola.
The synchronized rise in both gold and silver suggests broader strength in the precious metals segment, often seen during periods of global financial uncertainty, inflationary expectations, or currency volatility.
Traders say higher bullion prices may affect jewelry demand in the domestic market, particularly among retail buyers and during the wedding season, as consumers adjust purchasing decisions in response to elevated costs. At the same time, investors often view gold as a hedge, which can sustain demand even during price spikes.
With prices now firmly above the Rs 300,000 mark per tola, the bullion market remains under close watch from traders, importers, and consumers alike, as further movements will largely depend on international market signals and currency trends.
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