Today’s gold price in Nepal

Types of Gold Rates in Nepal

1. Fine Gold (24K):

24-karat gold, otherwise described as fine gold, is the purest form of gold, having 99.9% gold without impurities. It is always used in investments, savings, and international trades because it has a very high value and purity. This, however, is not suitable for jewelry making due to its softness.

2. Tejabi Gold (22K):

Tejabi gold, or 22-karat gold, contains 91.6% gold mixed with a small percentage of other metals like silver or copper for added durability. It is the most popular choice for making jewelry in Nepal, as it combines purity with strength, making it suitable for intricate designs.

3. Hallmark Gold:

Hallmark gold refers to that gold which is certified for its purity and authenticity by a certifying authority. This represents that the gold has met international purity standards. Hallmark gold is cherished in Nepal by most consumers because of the quality assurance and transparency during the purchase process for investment or personal use.

Gold Price Trends:

As of early January 2025, the price of fine gold has increased, reaching around Rs 151,500 per tola. This marks a rise compared to the previous trading days.

This upward trend in gold prices is consistent with observations from the past few weeks, where the price of gold has been steadily climbing.

Several factors may be driving this increase, including heightened demand during the festive and wedding seasons, along with safe-haven buying due to global economic uncertainties.

Recently, the gold price in Nepal has experienced some fluctuations. Although the current price is high, it’s essential to keep in mind that the gold market can be unpredictable, and prices may vary.

Silver Price Trends:

Silver prices have also seen a rise, currently trading at approximately Rs 1,790 per tola. This shows an increase from previous rates.

Factors Affecting Prices:

Several aspects affect the valuation of precious metals like gold and silver. One key factor is the global economic scenario. During economic distress or recessions, people often buy gold and silver, increasing their demand and raising prices. Conversely, during economic growth, such demand may decrease.

Another important factor is currency exchange rates, particularly the exchange rate of the Nepali Rupee to the United States Dollar. Gold and silver are usually traded against the Dollar in international markets. A weakened Rupee increases the prices of these metals for Nepali buyers.

Local market factors also play a role. Prices often rise during festivals and wedding seasons, affecting short-term pricing. International industrial demand, mining activities, and especially silver supply also contribute to price fluctuations. Lastly, investor speculations can drive significant price changes in the short run.

FAQs About Gold and Silver Prices in Nepal

Q: How are gold and silver prices determined in Nepal?

Gold and silver prices in Nepal are primarily influenced by international market prices, which you can track on platforms like Kitcoor BullionVault. Currency exchange rates, especially the USD/NPR rate (available on the Nepal Rastra Bank’s official website), also play a crucial role. Local market dynamics, such as demand and supply, particularly during festivals and wedding seasons, further contribute to price fluctuations.

Q: What is the difference between 24K, 22K, and 18K gold?

These numbers refer to the purity of gold. 24K gold is pure gold (99.9%), while 22K gold contains 22 parts gold and 2 parts other metals (like copper or silver), making it slightly more durable. 18K gold consists of 18 parts gold and 6 parts other metals. You can find more detailed information about gold purity on resources like the World Gold Council’s website.

Q: What is a “tola,” and how does it relate to grams?

A “tola” is a traditional unit of measurement for gold and silver in Nepal and some other South Asian countries. One tola is equivalent to 11.664 grams.

Q: Where can I find the most up-to-date gold and silver rates in Nepal?

Many sources provide current gold and silver rates in Nepal. You can check reputable online financial news portals in Nepal like Sharesansar or consult with local jewelers. It’s always a good idea to compare prices from multiple sources.

Q: Why do gold and silver prices fluctuate?

Several factors cause price fluctuations, including:

Global economic conditions: During times of economic uncertainty, investors often seek safe-haven assets like gold and silver, increasing demand and driving prices up.
Currency exchange rates: A weaker Nepali Rupee against the US dollar makes gold and silver more expensive for Nepali buyers.
Inflation: Gold is often seen as a hedge against inflation.
Supply and demand: Changes in mining production and industrial demand (especially for silver) can affect prices.
Geopolitical events: Global events can create uncertainty and influence investor sentiment.

Q: Are there any taxes or making charges associated with buying gold jewelry in Nepal?

Yes, there may be taxes and making charges associated with purchasing gold jewelry. These can vary depending on the jeweler. It’s important to clarify these costs with the jeweler before making a purchase.

10 year Gold Price Chart

The chart you provided shows the 10-year historical gold price in USD per ounce, which can be used to understand trends in the gold price in Nepal as international prices heavily influence the domestic market. While the chart doesn’t directly show the gold price in Nepal in Nepalese Rupees per tola, we can infer some key trends relevant to the gold price in the Nepalese market.

Here’s a breakdown of the gold price trends shown in the chart, and how they might relate to the gold price in Nepal:

2015-2019: Stable Gold Prices
From 2015 to 2019, gold prices on the global market showed minimal increase. Consequently, prices in Nepal remained steady, ranging from $1,050 to $1,400. This period was marked by lower price fluctuations, reflecting the stability in global gold prices.
2019-2020: Gold Prices Surge
At the end of 2019, global gold prices experienced a sharp rise, which led to increased sales in Nepal. In early 2020, the onset of COVID-19 further impacted prices. Despite the pandemic, gold sales in Nepal surged due to higher prices and strong demand.
2020-2023: Reduced Volatility
Between 2020 and 2023, gold prices in Nepal remained relatively stable despite some global fluctuations. While occasional decreases were observed, the overall trend reflected lower volatility compared to previous years.
2023 Onwards: Gradual Price Increase
Global inflation and recession, influenced by the pandemic, caused gold prices to climb steadily. Increased demand led to higher prices in Nepal as well. Consumers, influenced by inflation, continued to invest in gold, resulting in a gradual upward trend in its value.

Key takeaway regarding the gold price in Nepal based on the chart:

The chart shows the price of gold in USD per ounce but provides a good indication of general trends affecting gold prices in Nepal. International gold prices are influenced by various factors that also impact Nepal’s gold rates. Upward trends in the chart often lead to price increases locally.

However, the final gold price in Nepal is determined by domestic factors. These include import duties, custom taxes, and local demand for the commodity. For an accurate market price of gold in Nepal, it is essential to check other reliable sources of information.

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