The bearish trend in the Nepali bullion market intensified today as gold prices plummeted by Rs 6,500 per tola, marking one of the most significant single-day drops in recent months.
According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is being traded at Rs 275,500 per tola today. This follows a massive drop on Sunday, where prices fell by Rs 12,500, bringing the total decline to Rs 19,000 per tola in just the first two trading days of the week.
Market Breakdown:
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Fine Gold: Rs 275,500 per tola (Down from Rs 282,000)
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Tejabi Gold: Rs 274,800 per tola (Down from Rs 281,300)
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Silver: Rs 4,425 per tola (Down from Rs 4,540)
Financial analysts attribute this sharp “crash” to a combination of global macroeconomic pressures and geopolitical shifts. A strengthening US dollar and expectations of prolonged high interest rates in the United States have reduced the appeal of gold as a non-yielding asset. Additionally, market reports suggest that profit-taking by international investors amid the ongoing West Asia conflict has outweighed traditional safe-haven buying, putting further downward pressure on local rates.
Silver prices also mirrored the downward trend, decreasing by Rs 115 per tola today to settle at Rs 4,425. Just one week ago, gold had reached a near-peak of Rs 309,500, meaning the precious metal has lost approximately 11% of its value in seven days.