Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s bullion market witnessed a sharp rebound on Wednesday, with both gold and silver prices posting significant gains after a prolonged decline. According to the Federation of Nepal Gold and Silver Dealers’ Association, gold prices jumped dramatically, reversing a six-day downward trend.
Gold Rebounds Strongly After Prolonged Decline
The price of hallmark gold increased by NPR 14,600 per tola in a single day, reaching NPR 288,500 per tola. Just a day earlier, on Tuesday, gold was trading at NPR 273,900 per tola.
This surge comes after a cumulative decline of NPR 36,000 per tola over the previous six trading days, indicating heightened volatility in Nepal’s gold market, largely influenced by global price movements, currency fluctuations, and investor sentiment.
Silver Prices Also Climb
Silver prices also followed the upward trend. On Wednesday, silver rose by NPR 415 per tola, reaching NPR 4,920 per tola, compared to NPR 4,505 per tola on Tuesday.
The increase in silver prices reflects parallel global trends, as industrial demand and safe-haven buying continue to influence pricing dynamics.
Below Record Highs Despite Recent Surge
Despite the sharp rebound, both gold and silver prices remain significantly below their historic peaks recorded earlier this year.
Gold had reached an all-time high of NPR 339,300 per tola on Magh 15Silver peaked at NPR 7,505 per tola on the same date
The current price levels indicate that while the market is recovering, it is still adjusting after a correction phase.
Bullion traders in Nepal suggest that price movements in the coming days will largely depend on international gold rates, US dollar strength, geopolitical tensions, and central bank policies. The bullion market continues to remain sensitive to global cues, with rapid swings reflecting both speculative activity and import cost variations.
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