Gold Prices in Nepal Jump by Rs 20,500 in a Day

Nepal’s gold market witnessed an unprecedented spike on Thursday as prices surged sharply within a single day, setting a new historical high. The sudden rise has drawn attention from traders and consumers alike, reflecting heightened volatility in precious metal prices.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold increased by Rs 20,500 per tola, reaching a record Rs 339,300 per tola. Just a day earlier, on Wednesday, gold had been trading at Rs 318,800 per tola, underscoring the scale of the one-day jump.

Silver prices also followed the upward trend, recording a notable increase. The price of silver rose by Rs 205 per tola to reach Rs 7,505, breaking its previous record. On Wednesday, silver had been traded at Rs 7,300 per tola.

Market observers note that the sharp rise in both gold and silver prices marks one of the most significant single-day movements seen in Nepal’s bullion market, with potential implications for buyers, investors, and jewellers in the days ahead.