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Gold price has set a new record in the domestic market on Sunday.

According to the Nepal Gold and Silver Dealers’ Association, the price of precious yellow metal has increased by Rs 2, 000 per tola and is being traded at Rs 207, 900 per tola. It was traded at Rs 205, 900 per tola on Tuesday.

The price of silver, however, has dropped by Rs 5 and is being traded at Rs 2, 480 per tola.

Gold prices climbed to yet another record high in the domestic market on Tuesday, mirroring the rally in the international market where bullion touched an all-time peak on the back of a weaker US dollar and expectations of a rate cut by the Federal Reserve. According to the Federation of Nepal Gold and Silver Dealers Associations, the price of fine gold rose by Rs 600 per tola, reaching Rs 205,900 per tola (11.664 grams)—the highest level ever recorded in the domestic market. Gold had set a record at Rs 205,300 per tola on Monday, while it was traded at Rs 203,600 per tola on Sunday.

Silver prices also rose to Rs 2,485 per tola, up from the previous day’s Rs 2,470. The surge in Nepal comes against the backdrop of global momentum. Gold prices climbed to an all-time high and sailed past $3,500 per ounce on Tuesday, extending gains to a sixth session on the back of a weaker dollar and rising bets of a US interest rate cut this month, according to Reuters. Gold prices rose 27% in the international market in 2024, and broke the $3,000 per ounce level for the first time in March this year.

Gold is widely considered a safe-haven asset during times of economic uncertainty and investors worldwide are increasingly shifting funds into bullion in recent years. “Gold’s rally could extend to $3,600 and even beyond by year-end if the Fed follows through with multiple rate cuts and if a Russia-Ukraine peace deal remains elusive,” Reuters quoted KCM Trade chief market analyst Tim Waterer as saying.

Nepal sources all of its gold through imports which means domestic prices are directly tied to international market trends. As a result, any uptick in global bullion prices quickly translates into higher costs in the Nepali market.

Gold first breached the Rs 200,000 threshold in the domestic market on Friday when the price of the yellow metal increased by Rs 1,200 per tola. It went up by Rs 3,000 per tola on Sunday, Rs 1,700 per tola on Monday, and Rs 600 per tola on Tuesday. The yellow metal has been shining in the domestic market for the past eight sessions, during which its price has risen by Rs 8,700 per tola. The continuous rise in prices over the past three days has added pressure on buyers ahead of the festive and wedding season, when demand for gold rises significantly. 

Police today arrested an elderly man with over Rs 30 million in cash and gold from the Town Planning area at Gongabu of Kathmandu Metropolitan City-26. 

Superintendent of Police (SP) Apil Raj Bohora, Spokesperson at the District Police Range, Kathmandu shared that the arrestee has been identified as Binod Shrestha (76) originally from Gorkha district and currently staying at Gongabu. 

"The person was nabbed in possession of around Rs 30 million and a huge quantity of gold."

According to him, a cash counting machine has been used for counting of the money confiscated since its quantity is very large. 

A team of police from Kathmandu Valley Police at Kamalpokhari and District Police Range had raided the site on the basis of a tip-off that a huge amount of illegally possessed money and gold were hidden there.

Further investigation into the case is underway, police said.

The price of gold has increased by Rs 600 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 205, 900 per tola today.  It was traded at Rs 205, 300 per tola on Monday.

Similarly, the price of silver has increased by Rs 15 and is being traded at Rs 2, 485 per tola today.

The price of gold has increased by Rs 1, 700 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 205, 300 per tola today.  It was traded at Rs 203, 600 per tola on Sunday..

Similarly, the price of silver has increased by Rs 45 and is being traded at Rs 2, 470 per tola today.

Gold price has set a new record in the domestic market on Sunday.

According to the Nepal Gold and Silver Dealers’ Association, the price of precious yellow metal has increased by Rs 3, 000 per tola and is being traded at Rs 203, 600 per tola. It was traded at Rs 200, 600 per tola on Friday.

Likewise, the silver is being traded at Rs 2, 425 per tola.

The price of gold reached an all-time high in the domestic market on Friday, setting a new historical record.

According to the Federation of Nepal Gold and Silver Traders, the price of gold has increased by Rs 1, 200 per tola to reach Rs 200, 600 per tola today.

Similarly, the silver is being traded at Rs 2, 360 per tola.

The price of gold has increased by Rs 400 per tola in the domestic market on Thursday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 199, 400 per tola today.  It was traded at Rs 199, 000 per tola on Wednesday.

Similarly, the price of silver has increased by Rs 10 and is being traded at Rs 2, 355 per tola today.

The price of gold has increased by Rs 300 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 199, 000 per tola today. 

The price of silver, however, has dropped by Rs 15 and is being traded at Rs 2, 345 per tola today.

The price of gold has increased by Rs 1, 500 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 198, 700 per tola today. It was traded at Rs 197, 200 per tola on Monday.

Similarly, the price of silver has increased by Rs 5 and is being traded at Rs 2, 360 per tola today.

The price of gold has dropped by Rs 300 per tola in the domestic market on Monday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 192, 500 per tola today. It was traded at Rs 197, 500 per tola on Sunday.

The price of silver, however, has increased by Rs 5 and is being traded at Rs 2, 355 per tola.

The price of gold has increased by Rs 2, 300 per tola in the domestic market on Sunday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 197, 500 per tola today. 

Similarly, the price of silver has increased by Rs 40 and is being traded at Rs 2, 350 per tola today.

The price of gold has increased by Rs 400 per tola in the domestic market on Friday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 195, 200 per tola today. It was traded at Rs 194, 800 per tola on Thursday.

Similarly, the price of silver has increased by Rs 20 and is being traded at Rs 2, 310 per tola today.

The price of gold has dropped by Rs 1, 600 per tola in the domestic market on Wednesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 193, 500 per tola today. It was traded at Rs 195, 100 per tola on Tuesday.

Similarly, the price of silver has dropped by Rs 45 and is being traded at Rs 2, 255 per tola.

The price of gold has dropped by Rs 1, 200 per tola in the domestic market on Tuesday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 195, 100 per tola today. It was traded at Rs 196, 300 per tola on Monday.

Similarly, the price of silver has dropped by Rs 15 and is being traded at Rs 2, 300 per tola.

The price of gold has increased by Rs 800 per tola in the domestic market on Sunday.

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 196, 300 per tola today.

Similarly, the price of silver has increased by Rs 5 and is being traded at Rs 2, 315 per tola today.