Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Gold prices in the Nepali market climbed sharply on Sunday, the first trading day of the week, while silver recorded a minor decline, reflecting mixed movement in the domestic precious metals market.According to the Nepal Gold and Silver Dealers Federation, the price of gold increased by Rs 2,300 per tola compared to the previous trading session. With this rise, fine gold is now being traded at Rs 305,800 per tola in the domestic bullion market.
On the last trading day of the previous week, Friday, gold had been priced at Rs 303,500 per tola, meaning the new rate marks a noticeable upward correction in Nepal’s gold market, which often tracks global bullion prices, currency fluctuations, and seasonal demand in South Asia.
In contrast, silver prices moved slightly downward. The federation reported that silver, which traded at Rs 5,000 per tola on Friday, fell by Rs 15 on Sunday to reach Rs 4,985 per tola.
Precious metal traders say domestic prices are influenced not only by international gold and silver rates but also by exchange rate volatility, import costs, and wedding-season demand in Nepal and neighboring India. Analysts note that continued uncertainty in global financial markets, inflation expectations, and central bank policy signals often drive safe-haven buying, which can push gold prices higher.
The latest adjustment keeps Nepal’s bullion market active as investors, jewelers, and households monitor price trends ahead of upcoming festive demand cycles and shifts in global commodity markets.
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