The domestic bullion market witnessed an extraordinary jump today, April 8, 2026, as gold and silver prices soared to record highs in response to shifting geopolitical dynamics and global economic signals.
According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the price of fine gold surged by Rs 7,200 per tola in a single day. This massive hike brings the current trading price to Rs 299,000 per tola, up from Tuesday’s closing of Rs 291,800.
Market Breakdown
The silver market mirrored this aggressive upward trend. Silver prices increased by Rs 205 per tola, reaching a new high of Rs 5,025 per tola.
Drivers of the Surge
The primary catalyst for this domestic spike is the recent international breakthrough involving a two-week ceasefireagreement between the United States and Iran. While a ceasefire often stabilizes markets, the specific terms—including the reopening of the Strait of Hormuz—have led investors to re-evaluate interest rate outlooks and global stability.
In the international market, spot gold jumped by over 2.3%, hitting approximately $4,812.49 per ounce. Analysts suggest that despite the easing of immediate military tensions, investors are flocking to “safe-haven” assets like gold as they weigh long-term inflation trends and the impact of lower crude oil prices on the global economy.
Local Impact
This historic price point is expected to significantly impact the local jewelry industry and wedding season preparations in Nepal. With gold nearing the Rs 300,000 milestone, many consumers are adopting a “wait and watch” approach, while investors see the metal as a critical hedge against ongoing macroeconomic uncertainty.