Gold and Silver Prices Hit Record Highs in Nepal

Gold and silver prices in Nepal have once again reached record levels. According to the Federation of Nepal Gold and Silver Dealers’ Association, hallmark gold surged by NPR 3,900 per tola on Tuesday, trading at NPR 221,700 per tola. Just a day earlier, on Monday, gold was traded at NPR 217,800 per tola.

Similarly, silver rose by NPR 30 per tola, reaching NPR 2,680 per tola compared to Monday’s price of NPR 2,650. This marks the third consecutive day of record-breaking silver prices in the domestic market.

Reasons Behind the Price Surge

Experts attribute the sharp rise in gold prices to growing uncertainty in the global economy. The U.S.–China trade conflict, inflation in European markets, and ongoing conflicts in the Middle East have pushed investors toward safe-haven assets like gold.

Another key factor is Nepal’s reliance on U.S. dollars for gold imports. As the dollar strengthens, the Nepali rupee weakens, directly increasing the cost of imported gold. Continuous depreciation of the rupee in recent years has made gold even more expensive.

According to Federation President Arjun Rasaily, instability in the stock market and relatively low bank interest rates have also encouraged both ordinary citizens and businesspeople to turn to gold as a safer investment. This rising domestic demand has further fueled the price hike.