Nepal’s domestic bullion market witnessed a significant surge in gold prices, with the precious yellow metal recording an increase of Rs 2,300 per tola (11.66 grams) on Wednesday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold has been fixed at a staggering Rs 137,900 per tola, a substantial rise from Rs 135,600 on Thursday.
The upward trajectory extended to worked gold as well, with its price reaching Rs 137,250 per tola, marking an increase from the previous day’s trading value of Rs 134,950. The bullish sentiment also spilled over into the silver market, as the price of the white metal soared by Rs 50 per tola, settling at Rs 1,735, compared to Thursday’s closing price of Rs 1,685.
The sharp rise in precious metal prices in Nepal’s domestic market reflects the broader global trends influenced by various factors, including economic uncertainty, geopolitical tensions, and fluctuations in supply and demand dynamics. As investors seek safe-haven assets during turbulent times, the demand for gold and silver often experiences an upswing, driving prices higher.
For Nepali consumers and investors, the surge in bullion prices presents both opportunities and challenges. While higher prices may pose affordability concerns for those seeking to purchase gold or silver for personal or investment purposes, it also presents potential gains for existing holders of these precious metals.
As the global bullion market continues to navigate volatility, Nepal’s domestic market is expected to closely monitor international trends and adjust prices accordingly. Analysts and market participants will closely observe factors such as central bank policies, inflation rates, and global economic indicators to anticipate potential fluctuations and make informed investment decisions.
