Gold Price Steady in Nepal; Silver Drops from Record High
Gold prices remained unchanged in Nepal on Tuesday, while silver declined by NPR 40 per tola from its all-time high on Monday.
Nepal’s domestic bullion market opened flat on Tuesday, with gold prices holding steady while silver saw a notable pullback from its record high.
According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of hallmark gold is trading at NPR 193,300 per tola, unchanged from Monday. The price had increased slightly from NPR 192,900 recorded on Sunday.
Silver, on the other hand, fell sharply by NPR 40 per tola to NPR 2,275. This marks a retreat from Monday’s all-time high of NPR 2,315, the highest silver price recorded in Nepal so far.
Bullion traders attributed the silver drop to international price corrections and a minor dip in local demand following Monday’s rally. Gold’s price stability reflects relative calm in global markets, even amid ongoing geopolitical uncertainties and expectations around U.S. interest rate policy.
Precious metals have remained volatile in recent weeks as investors weigh global inflation trends and central bank signals. In Nepal, demand traditionally peaks during festival seasons and wedding months, while price fluctuations are closely linked to international markets, particularly the COMEX and Indian bullion benchmarks.
Analysts suggest that silver may continue to fluctuate in the near term, while gold could see stronger support if inflation concerns persist globally.