KATHMANDU: Gold prices in Nepal soared to an unprecedented level on Thursday, crossing the Rs 250,000 mark per tola for the first time in history.
According to the Federation of Nepal Gold and Silver Dealers’ Associations (FENEGOSIDA), fine gold is being traded at Rs 250,900 per tola, reflecting a sharp Rs 2,000 increase from Wednesday’s rate of Rs 248,900 per tola.
This marks the highest-ever price recorded in the domestic bullion market, signaling heightened investor interest and strong global cues.
The surge in gold prices comes amid ongoing global economic uncertainties, inflationary pressures, and a weakening domestic currency, all of which typically drive demand for safe-haven assets like gold.
Silver prices also followed an upward trend. The white metal rose by Rs 35 per tola, reaching Rs 3,275 on Thursday, up from Rs 3,240 a day earlier.
Market analysts suggest that if current trends continue, both gold and silver could witness further price hikes in the near term, especially during the upcoming festive and wedding seasons when demand typically spikes.
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