Himal Press 
KATHMANDU: Gold prices in Nepal’s domestic market experienced significant fluctuations this week, reaching a record high of Rs 197,900 per tola (11.664 grams) on Tuesday, before slightly declining by the week’s end, according to the Federation of Nepal Gold and Silver Dealers’ Association.
Trading opened on Sunday, with fine gold priced at Rs 189,800 per tola. The price rose to Rs 191,000 per tola on Monday, and surged by Rs 6,900 overnight to hit an all-time high of Rs 197,900 per tola on Tuesday.
The spike aligned with a global rally in gold prices, which briefly touched a record high of $3,500 per troy ounce in the international market on the same day, driven by geopolitical uncertainties and increased demand for safe-haven assets.
After hitting peak on Tuesday, the price moderated to Rs 190,400 per tola on Wednesday – a drop of Rs 7,500. On Thursday, it gained Rs 200 to reach Rs 190,600 per tola. On Friday, however, the price fell by Rs 1,000, to Rs 189,600 per tola.
Since Nepal meets all its gold demand through imports, any change in gold price in the international market is reflected in the domestic market.
Gold price could rise further as JP Morgan, a leading global financial services firm, expects gold prices to cross $4,000 by the second quarter of 2026. “Underpinning our forecast for gold prices heading towards $4,000 per troy ounce next year is continued strong investor and central bank gold demand averaging around 710 tonnes a quarter on net this year,” the firm said, according to Reuters news agency. The price of silver increased by Rs 40 per tola to Rs 2,000 per tola.
Silver went up by Rs 40 per tola to reach Rs 2,000 per tola on Friday.
