Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Gold and silver prices in Nepal climbed sharply again at the start of the trading week, reflecting strong global precious metals demand and continued volatility in international markets.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold increased by Rs 3,500 per tola on Sunday, pushing the domestic market rate to Rs 316,900 per tola.
Just two days earlier, on Friday, gold was traded at Rs 313,400 per tola, indicating a rapid rebound after a brief downward correction in Nepal’s bullion market.
Silver Prices Also Move Higher
Silver prices followed the same upward trend.
The federation said silver rose by Rs 30 per tola, bringing the new market price to Rs 5,475 per tola, compared to Rs 5,445 per tola recorded on Friday.
The rise in domestic bullion prices mirrors strong movements in global commodities markets, where investors are increasingly turning to precious metals as safe-haven assets amid geopolitical uncertainty and inflation concerns.
Global Gold and Silver Markets Rally
In the international market, gold prices surged to $5,171.92 per ounce, while silver reached $84.54 per ounce, according to global commodity market indicators.
Analysts say the rally in global gold prices is being driven by several macroeconomic factors, including:
Rising geopolitical tensions
Increased demand for safe-haven assets
Central bank gold purchases
Currency volatility in major economies
These global trends directly influence Nepal’s bullion market, where prices are adjusted daily based on international benchmarks and exchange rates.
Impact on Nepal’s Jewelry Market
Nepal’s jewelry traders say the continued rise in gold prices could affect consumer demand, particularly during wedding seasons and major festivals when gold purchases traditionally surge.
Despite high prices, gold remains a preferred store of value for many Nepali households and investors.
Market watchers say if global gold prices continue their upward trajectory, Nepal could see new record highs in bullion prices, further tightening the domestic jewelry and investment market.
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