Gold glitters at record high of Rs 180,300 per tola

KATHMANDU: The price of gold soared to a new all-time high in the Nepali market, with the fine gold reaching Rs 180,300 per tola (11.664 grams) on Thursday. This marks a significant single-day surge of Rs 1,100 per tola.

The record-breaking climb follows a rollercoaster week for the precious metal in the domestic market. On Tuesday, gold peaked at Rs 179,700 per tola, only to dip by Rs 600 to Rs 179,100 on Wednesday. The sharp rebound on Thursday was caused by the massive surge in gold prices in the international market.

According to Reuters news agency, gold prices took a breather on Thursday after surging to yet another all-time high after US President Donald Trump’s announcement of sweeping import tariffs drove investors to the safe-haven asset. Spot gold was steady at $3,130.21 at early Thursday amid some profit-taking, after hitting a record peak of $3,167.57 earlier in the session.

Since Nepal is entirely dependent on imports for gold, any change in bullion price in the international market is reflected in the domestic market. Gold has continued to build on last year’s rally, with prices rising 19% in 2025 as a combination of factors – including economic and geopolitical uncertainties, robust central bank purchases and increased flows into gold-backed exchange-traded funds – has supported the metal, according to Reuters.

The gold price has gone up 20.52% in the domestic market in 2025.