Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The price of gold and silver in the Nepali market declined sharply on Thursday, reflecting volatility in the precious metals segment amid shifting global trends and local demand dynamics.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of fine gold (hallmarked gold) decreased by NPR 5,400 per tola, settling at NPR 302,300. On Wednesday, the same category of gold was traded at NPR 307,700 per tola.
Similarly, silver prices also recorded a notable decline. The price of silver dropped by NPR 140 per tola to reach NPR 5,010 on Thursday, compared to NPR 5,150 per tola on the previous trading day.
Despite the recent correction, gold prices remain significantly below their historic peak. The Nepali market had witnessed an all-time high on Magh 15 (late January), when gold was traded at NPR 339,300 per tola. Silver had also reached its record high on the same date, touching NPR 7,505 per tola.
Market analysts attribute the price fluctuation to movements in the international bullion market, currency exchange rate variations, and seasonal demand patterns in Nepal. The decline is expected to provide temporary relief to consumers, particularly ahead of upcoming wedding and festive seasons, while traders remain cautious about further global price corrections.
The precious metals market continues to be a key indicator of investor sentiment, inflation hedging, and macroeconomic stability, both in Nepal and globally.
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